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Laundry also offering Dry Cleaning in Centurion (Negotiable)
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Business For Sale


BUSINESS FOR SALE OVERVIEW


Laundry also offering Dry Cleaning in Centurion with alterations and shoe repairs. Very well established with existing clients and a three year contract. The seller is Negotiable.


BUSINESS SELLING DETAILS

  Selling Price     330,000   Turn Over Per Month     67,740 
  Stock Included 2,500    Profit Per Month 17,824
  Assets Included  55,000   R.O.I %  65%
  Total Price   330,000    



BUSINESS MANDATE INFORMATION
 History and Overview Of The Business
Fully describe the business's activities  Laundry also offering Dry Cleaning in Centurion with alterations and shoe repairs. Very well established with existing clients and a three year contract. The seller is Negotiable.
When was the business established? 1997
How long has the owner had the business? Just over a year
 How Does The Business Operate
How does the business operate on a daily basis Manager run
How are the clients attracted to the business? Existing clients and word of mouth
What Advertising/Marketing is carried out? None
Does the business have any contract work? The business has a three year contract for protective clothing and laundry once a week (collect Tuesday and drop on Thursday)
What competition exists? There are various other laundries in the area
Seasonal Trends? The quieter months are February and March
 Financial Information
Vat Registered?  No
Vat Documentation on File?  Not registered
Management Accounts?  Yes
Audited Financials? Are being prepared by the accountants
What as Cash/Credit Split? The breakdown between cash and card is reflected in the management spreadsheets
Debtors Book Age Analisys There is only one debtor that pays on 30 days
How can you improve the profitability? Advertise in newspapers and pamphlets
Do pickups and delivery's
In store promotions
 Is Seller Finance available and if so what is it?  No, cash sale
   Staffing Of the Business
What is the total number of Staff? 5 Staff members
Staff Breakdown 1 x Manager - Washing and folding
3 x Independent Ironing Assistants (do all when manager is off)
1 x Alterations - Independent
Staff Special Perks and Bonuses? Ironing assistants get flat rate and incentive over 30Kg
Alterations shares 50% of turnover
Are the staff on Contract? Manager - Yes
Independents - Yes
Does any of the staff have management potential?  Yes. Manager in place
How involved is the Owner in running the business? Only about 50% but always managers the money and financials, banks, etc.
  Premises Of the Business
When Does the Current Lease ends? 2018
Is there an option to renew? Yes for 3 years
What is the annual escalation % 5%
What are the Trading Hours? Mon to Fri 08:00 - 17:00
Sat 08:00 - 15:00
Sun 09:00 - 13:00
What is the square meters? Seller to determine
Is a copy of the lease available? Yes with the seller
Do You require a license? No
 Assets Of The Business
Full Asset List available? See attached asset list
 Anything not included in the sale? Industrial Steamer, two dryers, portable dryer

The Rental Carpet Cleaners do not belong to the shop and the store gets a 30% commission on there rental
 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
 STRENGTHS Very well established in the area with lots of old customers
 WEAKNESSES Visibility
 OPPORTUNITIES Advertising and marketing
Pickups and Dropoff's
 THREATS None identified
 Summary
Why is this a good business Long term well established with a solid client base and a three contract
Why is the owner selling it? The seller is relocating back to the Cape


Business For Sale,Businesses For Sale,Laundry For Sale,Gauteng Business For Sale,Dry Cleaning For Sale,Alterations,Shoe Repair

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