Business For Sale,Dry Cleaner,Laundry,Alterations,Shoe Repairs,Services Business For Sale,General Services Business For Sale,South African Business,Gauteng Business,Pretoria Business For Sale
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Dry Cleaner in Suburban Shopping Centre
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Business For Sale


BUSINESS FOR SALE OVERVIEW


Dry cleaner with laundry, alteration and shoe repairs. Included are two depots as part of the business.


BUSINESS SELLING DETAILS

  Selling Price   1,200,000   Turn Over Per Month     138,350 
  Stock Included 17,500    Profit Per Month 47,859
  Assets Included  474,000   R.O.I %  48%
  Total Price   1,200,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  Dry cleaning, laundry, alterations, shoe repairs. The business includes two depots however there is no lease for the one.
When was the business established? 25 Years plus
How long has the owner had the business? 20 Years
 How Does The Business Operate
How does the business operate on a daily basis The business is owner run buy the seller and his wife
How are the clients attracted to the business? Only through word of mouth
What Advertising/Marketing is carried out? None
Does the business have any contract work? There two own depots and then also used by a bunch of other depots
What competition exists? There are various competitors as in normal in the industry
Seasonal Trends? Busier in winter
 Financial Information
Vat Registered? Yes
Vat Documentation on File? Yes
Management Accounts? Seller will have current ones drawn up
Audited Financials? 2016 is available and 2017 is in process
What as Cash/Credit Split? Card 60%
Cash 40%
Debtors Book Age Analisys Some of the depots and these are current with 30 days
How can you improve the profitability? Additional depots and more laundry work
 Is Seller Finance available and if so what is it? No
   Staffing Of the Business
What is the total number of Staff? Eight
Staff Breakdown 2 x Press
1(2) on Tailoring
1 x General does everything
Staff Special Perks and Bonuses? Only salaries
Are the staff on Contract? Yes they have employment contracts
Does any of the staff have management potential? One of the staff members knows how everything is doen
How involved is the Owner in running the business? Full time, Wife opens in the morning and the husband collects from depot on way in, Husband closes in afternoon and wife drops off at depots on way home
  Premises Of the Business
When Does the Current Lease ends? Feb 2018
Is there an option to renew? Yes, normally for three years
What is the annual escalation % 8%
What are the Trading Hours? Mon-Fri 06:00-18:00 (However that is by seller choice)
Sat 06:00-13:00
What is the square meters? 120m²
Is a copy of the lease available? Yes
Do You require a license? No
 Assets Of The Business
Full Asset List available? As per the asset list
 Anything not included in the sale? No
 What is condition of the assets Serviceable, Ongoing repairs and maintenance is performed
 Any Assets on Lease/HP that Buyer needs to take over?  None
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGHTS Very well established and known, well trained and knowledgeable staff, excellent small shopping centre
 WEAKNESSES None identified
 OPPORTUNITIES Can double capacity on the existing machinery
 THREATS None identified
 Summary
Why is the owner selling it? Retirement


Business For Sale,Dry Cleaner,Laundry,Alterations,Shoe Repairs,Services Business For Sale,General Services Business For Sale,South African Business,Gauteng Business,Pretoria Business For Sale

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