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Laundromat And Purified Water Supplier For Sale

Pennington, KwaZulu - Natal, South Africa
Asking Price:
R330,000
Sales Revenue:
R538,000
Cash Flow:
R279,000

Sold august 2020 by cliff bell of aldes

Profitable owner operated 5 day business with 1 assistant, in a separate shop on a main road in 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. So - PUSH water sales to businesses/hotels etc in the area as the plant is capable of being utilised so much more; also market services & products especially to businesses & holiday flats.
Only hand written accounts by the old nice couple, which originate from the hand written receipts for cash sales (85%) vs eft's from the 2 main business clients. On enquiring a full report with all costs are covered for a new purchaser, will be provided. Should you decide to move ahead, then we can get to the stage of them showing you a video of the shop, Elect& water, rent, wages, invoices, receipts, etc.
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.
Various washing machines (6) & dryers (6), irons & roller iron, water purification system, scales, fridges, freezers, till, tables, chairs. All assets are in good condition = with a 2nd hand cost of some R 124 000, but forced sale price of some R50 000 - with replacement cost towards R200 000.

Property Information

Real Estate:

Lease

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.

Business Operation

Reasons for selling:

moving to a different Province

Years established:
10

Other Information

Relocatable:
This business can be relocated.

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