Fully describe the business's activities?
Lovely neat laundry in a busy suburban centre in a lovely suburb of Randburg. Offers dry cleaning as well.
How long has the business been established?
The business was established in 2010 so it has been operating for 11 years.
How does the business operate on a daily basis?
The owner is involved in the business on a daily basis. However, this is the perfect type of business to invest in and still have other business interests. There is a neat little office area from which one can also work on your other businesses.
How are the clients attracted to the business?
Mostly word of mouth and referrals. Has repeat business from loyal customers. Because it is located in a suburban centre walk-ins are costant.
What competition exists?
There are no other laundries within a reasonable radius of this business.
How did the Covid-19 pandemic impact the business turnover / daily operations?
Business from guesthouses and B 'n B's were affected by the pandemic. However, it is envisaged that these will start coming back as the vaccination programme kicks in.
Are there up-to-date Management Accounts available?
Yes, there are recent Management Accounts available.
What percentage of the business is cash/credit?
The business operates mainly on a card and cash basis.
How could the profitability of the business be improved?
The business needs to be marketed and advertised utilising Google Adwords and flyers and info in and around the centre as well as the surrounding suburbs. Hairdressers, beauty parlours, nail bars and spa's need to be targeted as these generally provide good repeat business for laundries.
What is the total staff complement?
There are three members of staff.
How involved is the Owner in running the business?
The owner currently goes into the business on a daily basis. However, this is the perfect business to oversee whilst also managing or getting involved in other income-producing activities.
When does the current lease end?
The current lease is able to be renewed at any time by a purchaser of the business.
What are the trading hours?
The trading hours are Monday to Friday: 8.00 am to 5.00 pm and Saturday: 8.00 am to 1.00 pm.
Is a copy of the lease available?
Yes, a copy of the lease is available.
Do you require a licence?
No special licence is required to run this business.
What are the main assets of the business?
Washers, dryers, irons, shopfittings.
What is their overall condition?
Very good condition. Well looked-after and serviced.
Do any require repairing?
No. All in very good condition. Well looked-after.
Which assets are on lease/HP and with whom?
No assets are on lease or HP.
This laundry has been operating in the same centre for 11 years. It only requires some decent marketing and advertising to get it to another level very quickly. The perfect business to own whilst you run yoUr other interests or get involved in other income-earning activities.
There has been a lack of marketing and advertising to grow the business. This can be changed virtually overnight.
Hairdressers, nail bars, beauty parlours, spa's and restaurants are a good source of continuous and repeat revenue for launderies.
Normal economic conditions which all businesses have to navigate. However, this business is very easy to operate and costs are well-contained.
What is the reason for the sale?
The owner is relocating.
Why is this a good business?
This is a lovely business in which you can earn a nice monthly base income and grow it. It is easy to run and if you have other business interests or wish to get involved in other income-earning activities, this is the perfect business that allows this.
What is the price plus stock and the profit?
The asking price is R300 000 including all assets of washing machines and dryers, irons, shopfittings etc.
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