This successful, well-run, and managed business was established in the late 1980s and is based in the Western Cape, South Africa.
The business offers much-needed professional laundry service to businesses in the hospitality and medical industry in the area. Clients include companies like well-known large golf estates, Provincial Hospitals, various hotels, lodges, national parks, etc.
A secure service level agreement (SLA) with a well-known blue-chip company has opened up new opportunities for this business. This SLA started in September 2021 to the value of R3.6m over the next three years. The seller invested in specialized hardware that now puts this business in a position to roll out this service to other businesses with staff clothing requirements. Over and above this SLA, many other service agreements are in place, putting the business in a strong position in the marketplace.
The business has a high asset value (R2.5m plus), and the owner applies sound financial principles. Full financials are available for due diligence. Equipment is well maintained and in excellent condition. The business is sold free of liabilities with a strong and growing client base.
This is the ideal opportunity for a husband and wife team or a family looking to invest in a sustainable, secure, and profitable business with a longstanding history, an excellent reputation, and a positive future outlook.
This business is in a highly desirable location. Enjoy a quality lifestyle while working in a business that can offer a sustainable income. This is a fantastic opportunity just waiting for you!
The asking price excludes VAT and stock.