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Busy Suburban Laundromat - Price Reduced / Urgent Sale


Description:    This laundromat was established 20 years ago and has been with the current owner for fourteen months. The clientele comprise of regular walk in customers and a growing commercial account customer base. Two lady staff run the shop and are both union registered.The shop trades 7 days a week. A 24 hour dry cleaning service is offered. The shop trading area is 70 sq/m and is located in a large mall with 24 hr security. All paperwork is available.
Industry / Sector:    Laundries and Dry Cleaning
State / Province:    KwaZulu-Natal RSA
City / Town:    Durban
Location / Area:    Glenwood
Portability:    Moderately Portable - Possible to relocate with some disruption and cost. Would not be advisable
Asking Price:    R 350 000
Conditions:    cash deal required
Turnover:    R 50 000 per month
Profit:    R 16 000 per month
Annual Return:    55 % per annum
No. of Staff:    2
Year Established:    1997
Legal Persona:    - unknown or withheld -
Other Information:   


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Record ID: 2743
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