Verified Listing
Posted on November 29, 2018 / 24
Price : R1,350,000
Listing Type : Laundry
Location : Eastrand
Ref. No : 2509
Year Established : 1993
No. of Employees : 10
Turnover : R98 000
Expenses : R69 000
Net Profit : R29 000
Asset Value : R650 000
Stock Value : N/A

Here is an opportunity to own not one but Five laundromat outlets strategically placed around a suburb on the East Rand. The owner spends on average around 2 hours a day attending to the business and the maintenance of the machines. All outlets are equipped with Speed Queen machines and each outlet also offers an ironing service to clients.

These businesses are cash intensive with minimum overheads/expenses. To minimise losses and theft the seller has put into place the necessary procedures and systems. The seller would prefer to sell all five outlets to a buyer but will consider selling each outlet individually. The seller is negotiable and is open to all offers.

As can be seen from the high-level overview below, these businesses are literally a gold mine

Hours of Operation: Weekdays 07:00 – 18:00 and Sat to Sun 07:00 – 17:00

Steve Van Rensburg – Roodepoort