Sectors / Category

Annual turnover

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  • Mandate: 35255
  • Added: 07 Apr 2022
  • AFS
  • 461

Laundry and dry cleaning services

Gauteng, Johannesburg
461
Mandate 35255
Added 07 Apr 2022
R 460,000* ZAR
Stock: R 0
Assets: R 0
R 20,325 ZAR
Deon van Tonder
(PRINCIPAL)
Aldes Badu
Gauteng, Randburg
Gauteng, Randburg
Summary

Dry Cleaning, Laundry, Alterations, Shoe Repairs, and Carpet cleaning

SELLING PRICE AFS
R 460,000* ZAR
Stock: R0
Assets: R0
R 20,325 ZAR
Summary

Dry Cleaning, Laundry, Alterations, Shoe Repairs, and Carpet cleaning

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please supply us with your details below

Fully describe the business's activities?
Laundry Services, key cutting, dry cleaning, shoe repairs and alterations

How long has the business been established?
The owner established the business 2011

How long has the owner had the business?
The owner has had the business for 11 Years

How does the business operate on a daily basis?
Clients bring in their dry cleaning and laundry. The business also does shoe repairs, cuts keys, and does alterations for the clients.

How are the clients attracted to the business?
Word of mouth and outside shop signage

What Advertising/Marketing is carried out?
No marketing has been done . The shop's signage is big and bright and attracts customers.

Does the business have any contract work?
The business does not currently have any contract or commercial work. This could be an opportunity for the new owner

What competition exists?
The business is well positioned in the area

What are the seasonal trends?
December is busier than other months

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
All mandatory regulations have been adhered to

Is the business VAT Registered?
No

Are there up-to-date Management Accounts available?
The seller has provided us with the income and expenses for the period.

What Balance Sheet and Income Statements are available?
No Balance sheet is available

What percentage of the business is cash/credit?
The business is 100% cash where clients either pay cash or swipe their cards

How could the profitability of the business be improved?
Obtaining commercial clients and advertising could increase the profitability of the business

Is Seller finance available and for what amount?
No, seller finance is not available. The seller wishes to get his purchase price in full on the effective date and he wants to emigrate

What is the total staff complement?
2 Staff members

Give a breakdown of staff/ functions/ length of service?
The one staff member has been with the business for 6 years and the other staff member has been there 5 years

Do any receive special perks or incentives?
No perks were given

Are they on contract?
No, they are not

Do any have management potential?
Yes, they do have management potential.

How involved is the Owner in running the business?
The owner runs the business on a daily basis

When does the current lease end?
There are 3 years left of the current lease.

Is there an option of renewal & what period?
Yes, there is an option to renew the contract

What are the trading hours?
The trading hours are Monday to Friday 7am to 6pm Saturdays form 8am to 5 pm

What is the square meters of the business?
Plus minus 60 square meters

Is a copy of the lease available?
Yes, on request

Do you require a licence?
No

What are the main assets of the business?
3 Washing Machines, 3 Dryers 3 Ironboards 2 Irons 2 Big Tables for folding 3 Cupboards for clothes 1 Fitting Room 1 Big Shelf Small cupboard for the shoes 2 Stands 1 Counter 1 Key cutting machine Board for keys Sewing Machine Accessories for the sewing machine Scale Steamer Camera System Baskets Tools for shoe fixing Maneqine to puts clothes on

Are any items not included in the sale?
No , all items listed above are included in the sale

What is their overall condition?
All assets are in working condition

Do any require repairing?
No, all assets are in working condition

Which assets are on lease/HP and with whom?
None

Are they presently insured?
No they are not insured

Strengths?
The business is cash or cards only and there is no debt. The business has also been operating for 11 years with a constant and predictable income stream. Overhead costs are low.

Weaknesses?
There are no commercial clients The business owner operates the business most of the time

Opportunities?
Marketing can increase the turnover especially if commercial clients are signed up

Threats?
The business is solvent and has a positive cash flow. There is no debt therefore the threats are minimal

What is the reason for the sale?
The owner needs to return to Egypt to join his family. He cannot get visas for his children

Why is this a good business?
This is a cash business and has a steady income stream per month. The business has been operating successfully for 11 years

What is the price plus stock and the profit?
The selling price is R460 000 and that includes stock The monthly profit has been on average R 20 325 per month

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AGENCY DETAILS

Aldes Badu

2 members
11 mandates
Gauteng , Randburg
40 Silver Pine Avenue, Moret, Randburg, 2194
Randburg

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