Feasible laundromat in Cape Town for sale.(SOLD)

Feasible laundromat in Cape Town for sale. (SOLD)

Introduction:

• The CBD of Cape Town continuously go through renovations and developments amounting to billions of rands- the adjacent V&A Waterfront is also expanding with the only space available is in the direction of the CBD of Cape Town.
• This laundry situated in the CBD of Cape Town is thus ideally situated to benefit from these expansions- the laundry caters from both the commercial and domestic market – i.e. hotels/offices/guest houses/B&B places/restaurants/conferences etc.
• The fact that this laundry is open 24/7 for 365 days distinguishes it from other laundries and thus receives laundry after hours from some of above target markets, which clients can fetch before offices etc. open the next morning.
• It thus caters for all laundry requirements i.e. washing/drying/folding/express services/scheduled pick-ups/drop-offs- the only service that is outsourced is dry cleaning.
• The 5 staff members work on shifts and is well qualified and experienced to run the laundry effectively.
• Walk-in clients even receive a welcome drink- the laundry has a stable income with a long lease in place, and all equipment is in working order.

Finances:

• Average monthly turnover R135,000
• Average expenses R88,000
• Average NP (EBITDA) R47,000
• Rental R17,000 excl VAT- 3 years remaining for 5 years lease- 8% escalation
• All financials can be verified via POS system/bank statements etc.

Selling price:

• R 880,000- this gives you a 64% ROI (EBITDA)!!