Fully describe the business's activities?
Dry Cleaning of laundry, alteration, shoe repairs, dyeing of shoe and leather, repairs on leather, key cutting and carpet cleaning machine hire.
How long has the business been established?
How long has the owner had the business?
How are the clients attracted to the business?
Google ads and marketing at the supermarkets
What Advertising/Marketing is carried out?
Google adds and SMS marketing from customer base.
Does the business have any contract work?
No but they have a good return customer base
What are the seasonal trends?
winter times are busier
How did the Covid-19 pandemic impact the business turnover / daily operations?
Business had to close and is only operating partially. Due to not all sectors been open fully the volume of work hase decreased.
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
All staff and customers need to comply to the COVID regulations.
Are there up-to-date Management Accounts available?
Yes available to serious buyers
What percentage of the business is cash/credit?
No debtor accounts
How could the profitability of the business be improved?
Yes by securing work from nearby hotels, B&B', schools etc
Give a breakdown of staff/ functions/ length of service?
1 x Tailor / Cashier 1 x Cashier / Cobbler
Do any receive special perks or incentives?
Tailor gets R300 phone time a month
Do any have management potential?
Yes Tailor is manager
How involved is the Owner in running the business?
Verry little as he is not currently in South Africa
When does the current lease end?
Is there an option of renewal & what period?
Yes 3 Years
What are the trading hours?
Mon - Fry 7.30 to 18.00 Sat - 8.00 to 17.00 Sun - 9.00 to 15.00
What is the square meters of the business?
Is a copy of the lease available?
What lease deposit and/or other surety is required?
What are the main assets of the business?
cobble machine Cobbler station sewing machine leather stitching machine key cutting machine P.O.S. Joinery
What is their overall condition?
Loyal staff with a big database of clients Perfect location
No owner involvement or direction
Find contract work from hotels, schools, etc.
volume reduction due to economic downturn
What is the reason for the sale?
The owner emigrated and is not available to manage the business
Why is this a good business?
The laundry is has a very good location, loyal staff and a variety of services to offer. Ideal for someone who wants to start small.
What is the price plus stock and the profit?
Asking price R550 plus stock. Average monthly income R18 000
Discover similar, inspiring businesses for sale
Annual Turnover Amount between R 500 thousand and R 6 million