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Group of Laundries in Pretoria
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Business For Sale


BUSINESS FOR SALE OVERVIEW


Group of three laundries in Pretoria, being a mix of coin operated and staffed business units. They are well established and profitable with 50% capacity available for growth to the new owner, the seller has other demands and cannot give the attention required.

BUSINESS SELLING DETAILS

  Selling Price     400,000   Turn Over Per Month     60,994 
  Stock Included 2,500    Profit Per Month 10,897
  Assets Included  293,000   R.O.I %  33%
  Total Price   400,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  Laundries, both coin operated and staff run, including drop off, delivery, being a dry cleaning depot, ironing and alterations.

The businesses have direct access to a complex of 69 units and another of 1,480 units which are effectively captive audiences.
When was the business established? Site 1 - One has been in operation for 13 years plus
Site 2 - Since 2002
Site 3 - Since 2009
How long has the owner had the business? Site 1 – Since 2005
Site 2 - Since 2009
Site 3 - Since 2012
 How Does The Business Operate
How does the business operate on a daily basis Staff run with owner oversight
How are the clients attracted to the business? Walk in trade
What Advertising/Marketing is carried out? In the past the owners have done pamphlet distribution, then also using the shopping centre newspaper and vehicle branding.
Does the business have any contract work? No, but there is a potential contract pending, then have also regularly done rugby jerseys
What competition exists? Various other laundries
Seasonal Trends? The busier months are winter and then also December
 Financial Information
Vat Registered?  No
Management Accounts?  Yes
Audited Financials? None
What as Cash/Credit Split? Site 1 – 100% Cash
Site 2 – 75% Cash
Site 3 – 50% Cash
Debtors Book Age Analisys None
How can you improve the profitability? More marketing and sales
 Is Seller Finance available and if so what is it?  No
   Staffing Of the Business
What is the total number of Staff? 5 staff members.
Staff Breakdown 1 x Alterations
3 x Wash and Iron
1 x Driver (also washes and irons)
Staff Special Perks and Bonuses?  No
Are the staff on Contract? All staff members are
Does any of the staff have management potential? Yes, however will require training and hand holding
How involved is the Owner in running the business? As much as she can but she also has other demands on her time which limit this
  Premises Of the Business
When Does the Current Lease ends? Site 1 – Indefinite month to month lease
Site 2 – September 2017
Site 3 – September 2017
Is there an option to renew? Site 1 – Open ended
Site 2 – Yes
Site 3 – Yes
What is the annual escalation % Site 1 –
Site 2 – 8%
Site 3 – 8%
What are the Trading Hours? 07:00 – 18:00 Mon - Fri
09:00 – 15:00 Sat
09:00 – 13:00 Sun
What is the square meters? Site 1 – ± 20m²
Site 2 – ± 47m²
Site 3 – ± 24m²
Is a copy of the lease available?  Yes
Do You require a license? No
 Assets Of The Business
Full Asset List available? Yes available
 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? Seller will settle the Vehicle
 Are they insured at the moment?  Yes
  SWOT Of The Business
 STRENGHTS Three laundries in great locations. Convenient pick up and drop off point. Developing area. Very well established supplying good service through well trained staff.
 WEAKNESSES Not enough owner involvement and marketing
 OPPORTUNITIES Sales and marketing will grow the client base. A price increase is due as well. There are a lot of requests for ironing and a press would facilitate this very well.
 THREATS None identified
 Summary
Why is this a good business Very well established with three sites that support each other and generate work. There is still a large amount of capacity with the current infrastructure to grow as the business is using 50% capacity.
Why is the owner selling it? Seller has other demands on her time and is also ready to move onto other challenges.


Business For Sale, Group of Laundries In Pretoria For Sale, Gauteng Business For Sale, Laundry For Sale

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