Sectors / Category

Annual turnover

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  • Mandate: 33569
  • Added: 10 Oct 2019
  • AFS
  • 374

LAUNDRY AND BOXMAN

Gauteng, Johannesburg
374
Mandate 33569
Added 10 Oct 2019
R 175,000* ZAR
Stock: R 25,000
Assets: R 52,400
R 4,802 ZAR
Anna-Marie Bothe
Aldes Novare
Gauteng
Summary

A combination of a laundry and box man. The business is situated in a good location and has been in operation for 20 years, the current owner incorporated box man and bought the laundry 8 years ago.

LAUNDRY AND BOXMAN
SELLING PRICE AFS
R 175,000* ZAR
Stock: R25,000
Assets: R52,400
R 4,802 ZAR
Summary

A combination of a laundry and box man. The business is situated in a good location and has been in operation for 20 years, the current owner incorporated box man and bought the laundry 8 years ago.

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Fully describe the business's activities?
Laundry and Boxman selling boxes and edger document storage.

How long has the business been established?
The laundry is in operation for 20 years.

How long has the owner had the business?
The owner bought the laundry 6,5 years ago and then bought the area for Boxman.

How does the business operate on a daily basis?
Clients drop of laundry and other come in to buy boxes and related stuff.

How are the clients attracted to the business?
Repeat business and sign boards.

What Advertising/Marketing is carried out?
Laundry - no advertising Boxman - area based as per website

What are the seasonal trends?
There are no real seasonal trends, the sales remains steady over the year.

Is the business VAT Registered?
The business is not VAT registered.

What VAT documentation is on file?
n/a

Are there up-to-date Management Accounts available?
Up to date management accounts for the period March to September 2019 are on file.

What Balance Sheet and Income Statements are available?
AFS for the year ended February 2019 on file.

What percentage of the business is cash/credit?
100% immediate payments for laundry services and sale of boxes. 25% cash 75% credit card

What is the age analysis of the debtors book?
no debtors, cash only

How could the profitability of the business be improved?
Marketing to attract more clients and target restaurants and companies in the area for laundry services. Better stock control Owner involvement, the current owner also owns a beauty and hair salon in the same shopping center and does not have time to spend in this business. Offer shoe repairs, tailoring, dry cleaning

Is Seller finance available and for what amount?
The seller will look at all reasonable offers.

What is the total staff complement?
The total staff compliment is 4.

Give a breakdown of staff/ functions/ length of service?
We have a staff list and also copies of payslips on file.

Do any receive special perks or incentives?
The staff does not get special perks or incentives, this could be an idea to motivate the staff to increase sales.

Are they on contract?
The staff are on employment contracts.

Do any have management potential?
The one staff member has management skills and is basically running the business and communicate with the owner.

How involved is the Owner in running the business?
The owner is only providing oversight.

When does the current lease end?
The current lease ends 31st October 2019

Is there an option of renewal & what period?
Yes, there is an option to renew and to be negotiated with the landlord.

What is the annual escalation %?
10%

What are the trading hours?
Monday to Friday 7am to 19h30 Saturday 8am to 15h00 Sundays 8am to 15h00

What is the square meters of the business?
to be confirmed

Who is the Owner/Landlord?
To be confirmed to a serious buyer.

Is a copy of the lease available?
The seller will provide a copy of the lease to a serious buyer.

Do you require a licence?
No license is required.

What lease deposit and/or other surety is required?
2 months rental

What are the main assets of the business?
5 washing machines, 5 tumble dryers, 3 boxman display units, till, scale, iron boards and irons, shelving. sign board and display/reception desk.

Are any items not included in the sale?
All items as seen on the asset list are included in the sale.

What is their overall condition?
The assets are in good working condition.

Do any require repairing?
From time to time some assets will be repaired or replaced, this is however not on a regular basis or required.

How have they been valued ?
The owner valued the assets at market value and the stock at cost value.

Which assets are on lease/HP and with whom?
The assets are unencumbered.

What are their settlement amounts?
n/a

Will Seller settle or Buyer to take over?
n/a

Are copies of agreements available?
n/a

Are they presently insured?
The business and its assets are comprehensively insured.

Strengths?
Good location Longstanding business Easy to manage

Weaknesses?
Lack of owner involvement and marketing

Opportunities?
Offer other services such as, tailoring, shoe repairs and dry cleaning.

Threats?
No real threats are identified, other than general decline in the economy .

What is the reason for the sale?
The owner is relocating.

Why is this a good business?
Many possibilities to improve the profitability by offering other services, such as tailoring, shoe repairs and dry cleaning. With an involved owner this business will do well.

What is the price plus stock and the profit?
R1750,000, inclusive of stock to the value of R25,000.

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FRANCHISE DETAILS

Aldes Novare

3 members
15 active mandates
Gauteng
91 Bellairs Manor, 120 Bellairs Drive
2162

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