Independent Profitable Laundromat Well - Established

Gauteng

R 150 000

Financial Information






Detailed financials available on request

Seller Handover

This well-established, central, Gauteng-based, one-stop and stand-alone laundromat service is situated in a suburban, small-sized shopping complex.

Established more than five years ago by the present owner, who is running the business on a part-time basis. The direct marketing is also being done by the owner but due to more pressing time constraints by his other full-time work, is no longer focussed on the business, hence the reason for wanting to sell. The business is providing a full one-stop service - dry cleaning, wash and folding, ironing, curtain/blanket washing, stain removals; all with the option of collection and delivery. The business has its own vehicle with a driver and extra fees are being charged for pick-ups and deliveries, accounting for +-60% of the total sales. Clients include guest houses, restaurants, schools, day spas, golf courses, function venues, ordinary households and walk-ins. The business has a very good website. The price of R430,000(VAT not applicable) is with an asset base of +-R270,000, including the delivery vehicle. The asset base is very neat and in a good condition. The business is not registered for VAT. Profit per the financials is R13,800 pm as the total discretionary available income (before interest, tax and depreciation). Profits can be improved with someone wanting to work in the business; more focused direct corporate marketing and extra services for small clothing alterations, shoe repairs and key cutting. The business operates 5 1/2 days per week. Staff is well-trained and loyal. Business is easy to own and operate.

Operating Hours

5 1/2 days per week

Established

2012

Reason for selling

Time constraints