Sectors / Category

Annual turnover

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  • Mandate: 33215
  • Added: 20 Jun 2019
  • AFS
  • 374

REDUCED PRICE! Well established and profitable laundry in Pretoria

Gauteng, Pretoria
374
Mandate 33215
Added 20 Jun 2019
R 330,000* ZAR
Stock: R 0
Assets: R 172,000
R 13,968 ZAR
Jacqui Erasmus
Aldes Focus
Gauteng
Summary

Washing, drying on a daily basis

REDUCED PRICE!  Well established and profitable laundry in Pretoria
SELLING PRICE AFS
R 330,000* ZAR
Stock: R0
Assets: R172,000
R 13,968 ZAR
Summary

Washing, drying on a daily basis

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Fully describe the business's activities?
Washing drop off on a daily basis Ironing French dry cleaning

How long has the business been established?
The business has been established for 8 years

How long has the owner had the business?
The owner has the business for the last 2 years

How does the business operate on a daily basis?
Washing drop off Ironing French dry cleaning

How are the clients attracted to the business?
Walk in clients Clients that have signed contracts

What Advertising/Marketing is carried out?
Negotiation and retrieving of contracts Social network advertising

Does the business have any contract work?
Yes

What competition exists?
None

What are the seasonal trends?
Decembers - low on cash due to varsity that closes for the holidays

Are there up-to-date Management Accounts available?
Yes available on request

What percentage of the business is cash/credit?
1/3 Cash 2/3 Account - 30 days

How could the profitability of the business be improved?
More marketing and promoting of the business To add drop off service to clients Obtaining of more contracts More specials to attract the varsity students

Is Seller finance available and for what amount?
No

What is the total staff complement?
2 permanently employed staff members

Do any receive special perks or incentives?
Yes on as and when basis

Are they on contract?
Not formal contracts

Do any have management potential?
Yes there is a manager / supervisor

How involved is the Owner in running the business?
The owner managed the business together with the manager / supervisor

When does the current lease end?
The lease agreement end on the 1st of August 2019

Is there an option of renewal & what period?
Yes, annually

What is the annual escalation %?
7 - 10% Negotiable

What are the trading hours?
Mondays - Fridays 08:00 - 17:00 Saturdays 08:00 - 13:00

What is the square meters of the business?
The business is +- 90 sqm

Who is the Owner/Landlord?
Peter Karsis

Is a copy of the lease available?
Yes there is a copy of the lease agreement

Do you require a licence?
No

What are the main assets of the business?
Washing machines, driers and iron machines

What is their overall condition?
All the machines has been serviced recently Some of the machines are new

How have they been valued ?
The purchase price less depreciation

Which assets are on lease/HP and with whom?
All the machines has been bought cash

Are they presently insured?
Yes

Strengths?
There is very little competition in the area

Weaknesses?
No or little current advertising

Opportunities?
More marketing opportunities Students / varsity contracts and specials

Threats?
Fly by night clients Pop up client

What is the reason for the sale?
The client is relocating to another province

Why is this a good business?
It is a relatively small lay out for a shop with this kind of turnover No waiting period for payments Good cash component *Note: 3 - Phase electricity and geyser in laundry

What is the price plus stock and the profit?
Selling price R330 000 +- R14 000 profit per month

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FRANCHISE DETAILS

Aldes Focus

6 members
40 active mandates
Gauteng
Menlyn Woods Office Park Office Block C 291 Sprite Street Faerie Glen
0081

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