Sectors / Category

Annual turnover

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  • Mandate: 33980
  • Added: 21 Apr 2020
  • AFS
  • 550

Coin operated laundry and dry cleaning services

Gauteng, Johannesburg
550
Mandate 33980
Added 21 Apr 2020
R 550,000* ZAR
Stock: R 0
Assets: R 260,000
R 20,890 ZAR
Louis Aucamp
Aldes Pro
Gauteng
Summary

Coin operated laundry and dry cleaning services
SELLING PRICE AFS
R 550,000* ZAR
Stock: R0
Assets: R260,000
R 20,890 ZAR
Summary

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Fully describe the business's activities?
Full laundry services and dry cleaning. Washing machines and dry cleaning is coin operated. Full time staff to do ironing

How long has the business been established?
15 years

How long has the owner had the business?
5 Years

How are the clients attracted to the business?
Google ads

What Advertising/Marketing is carried out?
Google ads and facebook

Does the business have any contract work?
Yes Bed & Breakfast

What competition exists?
There are 2 other operators in the area

Is the business VAT Registered?
No

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

What percentage of the business is cash/credit?
95% cash

How could the profitability of the business be improved?
Improve management time, do deliveries and collections and target B&B as clients

Is Seller finance available and for what amount?
No

What is the total staff complement?
3

Do any receive special perks or incentives?
They can do their own washing on Fridays

Are they on contract?
2 Permanent, 1 contract

Do any have management potential?
No

How involved is the Owner in running the business?
3 hours on a daily baisis

When does the current lease end?
October 2020

Is there an option of renewal & what period?
Yes can be negotiated with JHI

What is the annual escalation %?
8%

What are the trading hours?
Mon - Fr : 7 - 5.30 Sat : 8 - 1 Sun : 8 - 12

What is the square meters of the business?
170

Is a copy of the lease available?
Yes

Do you require a licence?
No

What lease deposit and/or other surety is required?
R35 000

What are the main assets of the business?
7 coin washers, 3 dryers, 2 coin dryers, Roller Iron

What is their overall condition?
Fair

Do any require repairing?
Normal maintenance

How have they been valued ?
Market value

Strengths?
Well established coin operated laundry

Weaknesses?
Not enough management attention

Opportunities?
Sign up additional B7B's

Threats?
Better service by other laundrys

What is the reason for the sale?
Th owner is currently neglecting this business due to other business responsibilities.

Why is this a good business?
Business is steadily growing Been established for 15 years.

What is the price plus stock and the profit?
Asking R550 000 for the business Net income R20 000 a month.

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FRANCHISE DETAILS

Aldes Pro

2 members
24 active mandates
Gauteng
Malcolm Road
0000

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