Fully describe the business's activities?
This business is a laundry and dry cleaner. Located in a well known mall in Centurion. Establish regular client base and well supported local demographic. Equipment value is estimated at R2.1mill
How long has the business been established?
The business was established in 2009
How long has the owner had the business?
The current owner bought the business in 2010
How are the clients attracted to the business?
The business is well established, good footfall and large repeat client base.
What Advertising/Marketing is carried out?
No Marketing is being done.
How did the Covid-19 pandemic impact the business turnover / daily operations?
Yes it did have an effect, but the business is slowly normalising again.
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
Yes ending 29 February 2020
What Balance Sheet and Income Statements are available?
Yes ending February 2020
What percentage of the business is cash/credit?
30% is generated through cash sales.
How could the profitability of the business be improved?
a Local area focus marketing plan needs to be drawn up and implemented
What is the total staff complement?
Currently 5 but due to the Lockdown 2 at present
Are they on contract?
How involved is the Owner in running the business?
Daily open and close.
When does the current lease end?
ends Oct 2020
Is there an option of renewal & what period?
Yes for a further 3 years
What is the annual escalation %?
What are the trading hours?
From 7h00 to 18h00 from Mon to Friday Saturday from 8h00 to 14h00
What is the square meters of the business?
110 sqare meters
What are the main assets of the business?
This is a Laundry and Dry Cleaner The assets are valued at R 2.1mill
What is their overall condition?
Do any require repairing?
Are they presently insured?
This business is based in a very well known mall in Centurion Established and large repeat client base
Marketing is not done. A good marketing plan needs to be put in place.
A lot of businesses, lodges and hospitals in the immediate area, that should be marketed to.
Mostly economic, but that can be said for any business.
What is the reason for the sale?
The seller is at a retirement age.
Why is this a good business?
Potential to make lots of money. This shop enabled the owner to buy 3 other shops cash
What is the price plus stock and the profit?
Selling for R1 500 000 all inclusive. Annual EBIT of R350 000.
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