Sectors / Category

Annual turnover

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  • Mandate: 34206
  • Added: 22 Sep 2020
  • 364

Laundry repairs and alterations in Fourways

Gauteng, Johannesburg
364
Mandate 34206
Added 22 Sep 2020
R 570,000* ZAR
Stock: R 20,000
Assets: R 500,000
R 18,226 ZAR
Louis Aucamp
Aldes Pro
Gauteng
Summary

Dry Cleaning of laundry, alteration, shoe repairs, dyeing of shoe and leather, repairs on leather, key cutting and carpet cleaning machine hire.

Laundry repairs and alterations  in Fourways
SELLING PRICE
R 570,000* ZAR
Stock: R20,000
Assets: R500,000
R 18,226 ZAR
Summary

Dry Cleaning of laundry, alteration, shoe repairs, dyeing of shoe and leather, repairs on leather, key cutting and carpet cleaning machine hire.

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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?
2012

How long has the owner had the business?
since 2012

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?
June 2021

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?
30m2

Is a copy of the lease available?
Yes

What lease deposit and/or other surety is required?
R41 000

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?
Very good

Strengths?
Loyal staff with a big database of clients Perfect location

Weaknesses?
No owner involvement or direction

Opportunities?
Find contract work from hotels, schools, etc.

Threats?
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

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FRANCHISE DETAILS

Aldes Pro

3 members
29 active mandates
Gauteng
Malcolm Road
0000

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