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LocationSouth Africa, KwaZulu-Natal

Sector - Sales & Services

Asking Price
R645,000
Monthly Profit
R 15,242
Asset Value
R 541,442
Stock Value
R 5,000
Yearly Net Profit
R 182,906

Summary

The laundry was established 20 years ago so has an long track record as well as an excellent reputation.

Give me more information

Fully describe the business's activities?

Domestic and commercial laundry

How does the business operate on a daily basis?

Operates 24 hours per day. Contract laundry is collected and delivered daily.
There is walk in domestic laundry as well.

What Advertising/Marketing is carried out?

A web site has been developed.

What competition exists?

There is only one serious competitor.

How could the profitability of the business be improved?

Improve infrastructure and water heating.
Employ a sales person.

Give a breakdown of staff/ functions/ length of service?

1x Manager - 1 year service
1x Supervisor - 1 year service
2x Drivers - 1 year & 2 years service
8x General - 1 year to 10 years service

Do any have management potential?

Yes.

How involved is the Owner in running the business?

Minimal involvement due to another business interest.

When does the current lease end?

30 April 2023

What are the trading hours?

For walk in customers the shop is open:
Mondays to Fridays 07:30hrs to 17:15hrs
Saturdays 07:30hrs to 16:00hrs
Sundays 08:30hrs to 13:00hrs

Laundry works 24 hours per day on demand:
Day staff work 7 hours
Night staff work 10 hours

What are the main assets of the business?

Washing machines, tumbler dryers, irons and motor vehicles

Strengths?

Long established business with an excellent reputation for quick turnaround, quality service and competitive pricing.
Manager and skilled staff that are able to work with minimal supervision

Weaknesses?

Current weakness is the strict protocols during Covid-19.

Opportunities?

Profit can be improved if Owner managed.
Increase marketing and introduce social media advertising.
Employ a sales person.

Threats?

State of the economy.

What is the reason for the sale?

The Owner has another business that is remote from the Laundromat and requires his full time attention.

Location

Contact | Enquire

John

John Londal

LocationSouth Africa, KwaZulu-Natal

Preferred method of contact

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