Sectors / Category

Annual turnover

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  • Mandate: 34340
  • Added: 18 Nov 2020
  • AFS
  • 178

Laundry

Gauteng, Johannesburg
178
Mandate 34340
Added 18 Nov 2020
R 445,000* ZAR
Stock: R 0
Assets: R 300,000
R 8,644 ZAR
Anna-Marie Bothe
Aldes Pro
Gauteng
Summary

Laundry, dry cleaning, tailoring, shoe repairs and carpet cleaning

Laundry
SELLING PRICE AFS
R 445,000* ZAR
Stock: R0
Assets: R300,000
R 8,644 ZAR
Summary

Laundry, dry cleaning, tailoring, shoe repairs and carpet cleaning

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Fully describe the business's activities?
Franchised laundry offering laundry services, dry cleaning, tailoring, shoe repairs and carpet cleaning.

How long has the business been established?
The franchise was started in 2003. This shop was opened 15 years ago.

How long has the owner had the business?
The current owner bought the business in 2017.

How does the business operate on a daily basis?
Clients bring their laundry, curtains and bedding to be washed and ironed. The business outsource the dry cleaning, have a temp tailor to cater for tailoring needs of customers and also offer shoe repairs, cleaning and carpet cleaning.

How are the clients attracted to the business?
Word of mouth, franchise shop, good brand and located in a shopping centre.

Does the business have any contract work?
The business does laundry and dry cleaning for restaurants and other businesses.

How did the Covid-19 pandemic impact the business turnover / daily operations?
Covid has effected this business as any other business. Turnover is slowly picking up to the average of R70,000 before covid.

Is the business VAT Registered?
The business is not registered for vat

What VAT documentation is on file?
n/a

Are there up-to-date Management Accounts available?
Management accounts for the 12 months ending October 2020 are on file

What Balance Sheet and Income Statements are available?
Financial statements for the year ending February 2019 are on file, the auditor has not finalize the February 2020 statements.

How could the profitability of the business be improved?
Marketing to additional guesthouses, restaurants and conference centres.

What is the total staff complement?
The total staff compliment is 3.

Give a breakdown of staff/ functions/ length of service?
1 shop assistant 1 temp 1 tailor temp 1 front desk

How involved is the Owner in running the business?
The owner runs the day to day operations, mostly remotely, client service and general managing and directing staff.

When does the current lease end?
November 2020

Is there an option of renewal & what period?
To be negotiated with the landlord.

What is the annual escalation %?
To be negotiated with the landlord.

What are the trading hours?
Monday to Friday 7am to 5.30pm Saturdays7am to 15h00 Sundays and Public Holidays closed

What is the square meters of the business?
100m2

Is a copy of the lease available?
A copy of the lease will be available to a serious buyer. We have a copy of the latest rent statement on file.

What lease deposit and/or other surety is required?
To be negotiated with the landlord.

What are the main assets of the business?
washing machines and dryers.

Strengths?
Branded shop in good location. Easy to manage.

Weaknesses?
The rent is high in relation to the turnover.

Opportunities?
Get more business from restaurants, hotels, conference facilities and guest houses.

Threats?
Further lockdowns due to covid

Why is this a good business?
Branded shop in a good location.

What is the price plus stock and the profit?
R495,000

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FRANCHISE DETAILS

Aldes Pro

3 members
27 active mandates
Gauteng
Malcolm Road
0000

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