Sectors / Category

Annual turnover

|
  • Mandate: 34030
  • Added: 12 May 2020
  • AFS
  • 241

Laundromat & purified water supplier - Long Established - Mid South Coast

KwaZulu-Natal, South Coast
241
Mandate 34030
Added 12 May 2020
R 330,000* ZAR
Stock: R 0
Assets: R 50,000
R 23,305 ZAR
Cliff Bell
(PRINCIPAL)
Aldes Exclusive
KwaZulu-Natal
KwaZulu-Natal
Summary

Profitable owner operated 5 day business with 1 assistant, in a separate shop on a main road in a nice mid-South Coast town.

Laundromat & purified water supplier - Long Established  - Mid South Coast
SELLING PRICE AFS
R 330,000* ZAR
Stock: R0
Assets: R50,000
R 23,305 ZAR
Summary

Profitable owner operated 5 day business with 1 assistant, in a separate shop on a main road in a nice mid-South Coast town.

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
Laundromat & water purification business, operated by the owner with an assistant 5 days of the week, from a stand alone shop on a main road within a nice mid-South Coast town. The assistant does most of the washing & ironing. The water purification is of municipal water through reverse osmosis at a max of 2 000 L p.day, but presently only some 2 300L per month at some R1.50 L is sold.

How long has the business been established?
10 years, with the last year with the present owner who is relocating to another Province.

Is the business VAT Registered?
NO

Are there up-to-date Management Accounts available?
Only hand written accounts by the old couple, which originate from the hand written receipts for cash sales (85%) vs eft's from the 2 main business clients. The shown NP of R 279 000 pa off a turnover of R 538 000, includes the owners benefits - ie this will be the total amount for the new owner to decide on whether to owner operate the business & take the profit or pay a manger etc The financial year was up to Feb 2020, with the first 3 months having been under the previous owner and are assumed vs the actual figures of the present owner, thereafter.

What is the total staff complement?
One assistant (full-time employee) does most of the washing & ironing

Premises Details
A stand alone shop of 180 m2, on a main road within a nice mid-South Coast town, at R8 800pm incl VAT from the 1 June 2020, with 10% escalation.

What are the main assets of the business?
Various washing machines (6) & dryers (6), irons & roller iron, water purification system, scales, fridges, freezers, till, tables, chairs. All are in good condition 2nd hand cost of some R 124 000, but forced sale price of some R50 000 - with replacement cost towards R200 000.

Strengths?
Long established in same shop, profitable, proven All necessary equipment with excess capacity easily manageable

Weaknesses?
Only one assistant so owner must work each day or employ a manager

Opportunities?
Improve the shop layout/aesthetics market services & products especially to businesses & holiday flats PUSH water sales to businesses/hotels etc in the area as the plant is capable of being utilised so much more

Threats?
Another competitor opens close by

What is the reason for the sale?
Seller relocating to another Province

What is the price plus stock and the profit?
The Sale Price is R330 000, excl any stock on hand, with a Net Profit of R279 000 over a 12 month period off a turnover of some R538 000.

Other listings by Cliff
R 1.80MZAR
Added : 7 May 2020 200
Profit*: R487,766 *(6 months)
KwaZulu-Natal
R 688KZAR
Added : 26 Mar 2020 389
Yearly profit: R359,026
KwaZulu-Natal
R 1.35MZAR
Added : 17 Mar 2020 321
Yearly profit: R566,340
KwaZulu-Natal
FRANCHISE DETAILS

Aldes Exclusive

2 members
15 active mandates
KwaZulu-Natal
11A Coghill Avenue, Kloof
4000

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 330KZAR
Added : 20 Jun 2019 1433
Yearly profit: R167,619
Gauteng

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.95MZAR
Added : 21 May 2020 209
Yearly profit: R968,085
Gauteng
R 980KZAR
Franchise
Added : 5 May 2020 878
Yearly profit: R531,084
Gauteng
R 550KZAR
Added : 21 Apr 2020 550
Yearly profit: R250,675
Gauteng
R 1.00MZAR
Franchise
Added : 13 Apr 2020 414
Yearly profit: R469,853
Gauteng
R 620KZAR
Added : 9 Apr 2020 727
Yearly profit: R249,288
Gauteng
R 635KZAR
Added : 3 Apr 2020 566
Yearly profit: R241,920
Gauteng
R 2.30MZAR
Added : 2 Apr 2020 644
Yearly profit: R990,739
Gauteng
R 795KZAR
Added : 19 Mar 2020 611
Yearly profit: R390,122
Gauteng