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?
How long has the owner had the business?
How are the clients attracted to the business?
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?
Are there up-to-date Management Accounts available?
What percentage of the business is cash/credit?
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?
What is the total staff complement?
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?
How involved is the Owner in running the business?
3 hours on a daily baisis
When does the current lease end?
Is there an option of renewal & what period?
Yes can be negotiated with JHI
What is the annual escalation %?
What are the trading hours?
Mon - Fr : 7 - 5.30 Sat : 8 - 1 Sun : 8 - 12
What is the square meters of the business?
Is a copy of the lease available?
Do you require a licence?
What lease deposit and/or other surety is required?
What are the main assets of the business?
7 coin washers, 3 dryers, 2 coin dryers, Roller Iron
What is their overall condition?
Do any require repairing?
How have they been valued ?
Well established coin operated laundry
Not enough management attention
Sign up additional B7B's
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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