business for sale,businesses for sale,dry cleaning for sale,laundry for sale,alterations,gauteng business for sale
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Commercial Laundry Franchised
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Business For Sale


BUSINESS FOR SALE OVERVIEW


Franchised laundry with high growth potential. Additional equipment has been installed to cope with current demand. Contracts with insurance companies and regular B & B customers ensure ongoing profitability.


BUSINESS SELLING DETAILS

  Selling Price     475,000   Turn Over Per Month     120,068 
  Stock Included 25,000    Profit Per Month 18,800
  Assets Included  308,000   R.O.I %  47%
  Total Price   475,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  Laundry, Dry Cleaning. Key Cutting, Shoe Repairs, Ironing, Tailoring
When was the business established? 5 years
How long has the owner had the business? Since September 2016
 How Does The Business Operate
How does the business operate on a daily basis Items are either collected or delivered to premises, service provided on a 24 hour turnaround basis
How are the clients attracted to the business? Word of mouth, advertising and personal contact
What Advertising/Marketing is carried out? Franchisor advertises on behalf of the brand
Does the business have any contract work? Yes - 5 or 6 contracts
What competition exists? Normal competition
Seasonal Trends? December is the busiest month of the year. November, December and January are busiest of the year.
 Financial Information
Vat Registered? No
Vat Documentation on File?  Not registered
Management Accounts? Yes to April 2017. Up to June available soon.
Audited Financials? February 2017
What as Cash/Credit Split? 70/30
Debtors Book Age Analisys 30 days
How can you improve the profitability? Canvassing of B & B's in the area.
 Is Seller Finance available and if so what is it?  No
   Staffing Of the Business
What is the total number of Staff? 10 Staff
Staff Breakdown All multi-task at various sections as required.
Staff Special Perks and Bonuses?  No
Are the staff on Contract?  No
Does any of the staff have management potential? Yes - one currently runs operation on a day to day basis
How involved is the Owner in running the business? From opening until 10am daily.
  Premises Of the Business
When Does the Current Lease ends? Month to month, as landlord is aware that business is for sale
Is there an option to renew? A 3 year lease will be required, with option to renew for further 3 years.
What is the annual escalation % 8%
What are the Trading Hours? Mon to Fri 7am to 6pm
Sat 8am to 1pm
What is the square meters?  82m²
Is a copy of the lease available?  Yes
Do You require a license? No
 Assets Of The Business
Full Asset List available? 5 Speed Queen washers and 5 Speed Queen dryers. Industrial washer and dryer. Steam boilers and steam irons. Industrial sewing machine, overlocker, scale etc
 Anything not included in the sale?  No
 What is condition of the assets  Good
 Any Assets on Lease/HP that Buyer needs to take over?  No
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGHTS Well known franchise with over one dozen franchisees. Only commercial machines are used and this is a full service business, not a coin operated laundromat.
 WEAKNESSES Non perceived. Laundry businesses have shown themselves to be sustainable even in economic downturns.
 OPPORTUNITIES Most Bed & Breakfasts need a laundry service to handle bedding laundry on a daily or weekly basis. No serious canvassing has been done, to attract new customers, as the current growth has been phenomenal.
 THREATS  None identified
 Summary
Why is this a good business This is a fully fitted commercial laundry, with the best Speed Queen commercial machines and full franchisor back up, if assistance is required.
Why is the owner selling it? Owner has other business interests and can only spend a few hours each day at this one. He feels that it has now grown to such an extent that it needs hands on management to grow to full potential.


business for sale,businesses for sale,dry cleaning for sale,laundry for sale,alterations,gauteng business for sale

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