Summary

Laundry of 30 years standing that can be grown quickly and easily without being on-site all the time.

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Fully describe the business's activities?

The business operates as a Laundry/Laundrette of many years standing . Drop-Off and Self-Service + Dry Cleaning.

How does the business operate on a daily basis?

The security guard of the building opens at 7.00 am. 3 x Staff arrive at 7.30 am. Owner comes in at about 8.00 am. Owner oversees during the day but need not be there full time.

What Advertising/Marketing is carried out?

None. This is an area that can make an immediate impact to both top- and bottom-line. There are nice residential areas on either side of the business, there are also numerous restaurants and fast-food places as well as guest houses in the area which can all be lobbied for business.

What competition exists?

There are two other laundries but they are about 5 kms away and do not affect this business.

How could the profitability of the business be improved?

More contract work from Guest Houses, Hairdressers, Beauty Parlours and Nail Bars etc in the area. A tailor/garment alterations, shoe repair service and a key bar/key cutting service will all add to the attraction of people to the store.

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

Each staff member has their own customers and they service those clients. All 3 do washing and ironing. Average of about 10 years service by staff members.

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

Each staff member has their own customers and they service those clients. All 3 do washing and ironing. Average of about 10 years service by staff members.

How involved is the Owner in running the business?

Owner comes in everyday but the business and staff operates on its own.

When does the current lease end?

Month-to-month lease currently but landlords are happy to negotiate a new lease with new owners.

What are the trading hours?

Mon - Fri: 7.30 am (Self-service 7.00 am) to 5.30 pm (Self-service to 8.30 pm) - Security guard of building locks up.

What are the main assets of the business?

10 x Washing Machines, 3 x Big Dryers, 2 x Small Dryers, Irons, Ironing Boards, Office Desk and Chairs, Shelving and Racking.

Strengths?

History of 30 years in the area, well known, knowledgeable staff. Known for exellent service. Long-standing customers.

Weaknesses?

Lack of marketing. This would make an immediate difference to the business at very little cost initially.

Opportunities?

Bringing in a tailor/alterations person, shoe repairs section, key bar and key cutting service. Drop-off and collection to clients as an added-value service will attract more business.