Sectors / Category

Annual turnover

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  • Mandate: 34145
  • Added: 07 Aug 2020
  • AFS
  • 288

a Well established dry cleaning/laundry based in a well known mall in Centurion

Gauteng, Pretoria
288
Mandate 34145
Added 07 Aug 2020
R 1,225,000* ZAR
Stock: R 25,000
Assets: R 2,103,000
R 28,973 ZAR
Johan Mouton
Aldes Jacaranda
Gauteng, Centurion
Gauteng, Centurion
Summary

This laundry /dry cleaning business have a well established client base. They are well supported by locals in the area

a Well established dry cleaning/laundry based in a well known mall in Centurion
SELLING PRICE AFS
R 1,225,000* ZAR
Stock: R25,000
Assets: R2,103,000
R 28,973 ZAR
Summary

This laundry /dry cleaning business have a well established client base. They are well supported by locals in the area

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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?
No

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?
Yes

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 %?
8%

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?
Well maintained

Do any require repairing?
None

Are they presently insured?
Yes

Strengths?
This business is based in a very well known mall in Centurion Established and large repeat client base

Weaknesses?
Marketing is not done. A good marketing plan needs to be put in place.

Opportunities?
A lot of businesses, lodges and hospitals in the immediate area, that should be marketed to.

Threats?
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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FRANCHISE DETAILS

Aldes Jacaranda

2 members
19 active mandates
Gauteng , Centurion
14 Brook Crescent Midfield Estate Midstream Olifantsfontein
Centurion
0181

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