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?
What competition exists?
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?
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?
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?
Is a copy of the lease available?
Yes there is a copy of the lease agreement
Do you require a licence?
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?
There is very little competition in the area
No or little current advertising
More marketing opportunities Students / varsity contracts and specials
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
Annual Turnover Amount between R 500 thousand and R 6 million