Business For Sale,Laundromat For Sale
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Two Laundromats For Sale
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OVERVIEW

2 Laundromats for the price of 1. Both located in Northern Johannesburg suburbs. This business is ideal forLaundromat For Sale someone that wants to get into the industry or someone in the industry that wants to expand his operation. It provides an opportunity to establish your own brand in the industry. A hands on owner will not require managers which will mean higher return on investment.



Fitment Centre For SaleSELLING DETAILS

Selling Price

450 000

Turnover pm

90,000

Stock

Profit pm

12,500

Total Asking Price

450,000

Nett Assets Incl

200,000






MANDATE REPORT

1. History Background

Fully describe the business's activities

2 Well established laundromats in well located centres. Both businesses are run by managers and the owner spends no time in the business. The results of the business is with no owner involvement and no marketing, only walk in business

How long has the business been established?

3 Years

How long has the owner had the business?

16 Months

2. Present Market

How does the business operate on  a daily basis

Managers in both shop assisted by qualified staff

How are the clients attracted to the business

Regular customer base

What Advertising/Marketing is carried out

Basically no marketing being done

Does the business have any contract work

No

What competition exists

None in the  same centres

What are the seasonal trends

None perceived

3. Financial

Are there up to date management accounts?

Up to October 2012

How could the profitability of the business be improved?

Owner involvement is the key factor to increase business. Any marketing will increase business

Is Seller finance available and for what amount?

No

4. Staffing

What is the total staff complement?

1 Manager for both stores, 6 staff per store

How involved  is the Owner in running the business

 No involvement by owner

5. Premises

When does the current lease end?

Shop 1, Sep 2013.

Shop 2 Nov 2013.

Is there an option of renewal & what period

Yes, to be negotiated

What are the trading hours?

Shop 1 - 7h00 to 17h00 Mon to Sat (half day)
Shop 2 - 7h00 to 18h00 Mon to Sat

What is the square meterage of the business?

Shop 1 - 114 sq metres
Shop 2 - 95 sq metres

Is a copy of the lease available?

Yes

Do you require a licence?

No

6. Assets

Is a full asset list on file?

No, but is available

Are any items not included in the sale?

No

What is their overall condition?

Good

Do any require repairing?

No

How have they been valued?

Fair market / Replacement value.

Which assets are on lease/HP and with whom?

N / A

What are their settlement amounts?

N / A

Will Seller settle or Buyer to take over?

N / A

Are copies of agreements available?

N / A

7. S.W.O.T. Analysis

Strengths

Well established, well located business.

Weaknesses

Lack of owner involvement

Opportunities

This is a growing industry. People have less time to do their own laundry and properties are becoming smaller and there is no space for washing and tumble drying machines

Threats

None perceived

8. Reason For Sale

What is the reason for the sale?

Owner does not have time for the business

9. Conclusion

Why is this good business to buy?

2 Laundromats for the price of 1. Both located in Northern Johannesburg suburbs. This business is ideal for someone that wants to get into the industry or someone in the industry that wants to expand his operation. It provides an opportunity to establish your own brand in the industry. A hands on owner will not require managers which will mean higher return on investment.



 

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