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Listing ID: 3081217

4 x Laundromats Business For Sale

Ekurhuleni, Gauteng, South Africa

R 790,000

(Furniture / Fixtures included)

Revenue: R 1,075,000

Cash Flow: R 395,000

Business Description

Here is an opportunity to own 4 laundromat outlets strategically placed around the East Rand. The owner has emigrated, and these outlets are being managed by a friend. The friend has his own businesses and is finding this an onerous task and cannot spend the necessary time on ensuring that the necessary attention is given to these outlets and therefore has requested the seller to rather sell the laundromat outlets. 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 the outlets as a unit but will consider selling each outlet individually. The seller is negotiable and is open to all offers.

Property Details

Years Established:

1993

Property Type:

Lease

FF&E:

R 380,000

Other Details

Business Location:

located on the East Rand. It has 4 well located outlets in the town

Expansion Potential:

This business offers plenty of growth opportunities particularly with regards to the newly acquired outlet (see Section 13 below for a summary). A bit more marketing and the offer of specials will attract more clients especially in this fast-paced society we now live in.

Operation Details

Employees:

8 (2 per outlet)

Trading Hours:

Weekdays 07h00 to 18h00 and Saturdays and Sundays from 07h00 to 17h00.

Miscellaneous

Reason For Selling:

The seller has emigrated, and his friend is finding it difficult to manage the outlets as well as his own businesses.

Contact this seller

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