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  Commercial Laundry  

 

PROFILE    
Description:    The business is well established in Durban and has a solid blue chip client base. A landmark in the area, it has developed its own niche market and does not have any major competition. Owner relocating. The staff are exceptionally well trained and are totally motivated and do not need close supervision. Net asset value is 75% of asking price.
Industry / Sector:    Services
LOCATION    
State / Province:    KwaZulu-Natal RSA
City / Town:    Durban
Location / Area:   
Portability:    Moderately Portable - Possible to relocate with some disruption and cost. Would not be advisable
PRICE    
Asking Price:    R 1 950 000
Conditions:    Negotiable, subject to financial conditions.
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 350 000 per month
Profit:    R 50 000 per month
Annual Return:    31 % per annum
No. of Staff:    6
Year Established:    2011
Legal Persona:    - unknown or withheld -
Other Information:     
  PROFIT  
The R50 000 profit figure is understated as this is after tax and interest charges. The actuals will be discussed with potential buyers.

  ASSETS  
The net asset value is estimated to be around R1,5 million.

REASON FOR SALE
The owner is relocating away from Durban and has priced the business to achieve a speedy disposal.

  HANDOVER and TRAINING  
The owner will stay on for a period of 2 weeks and train the new buyer into the various aspects of the business and to oversee the introduction to all clients.


 

 

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Record ID: 2609
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