Laundromat and café for sale on the East Rand, Gauteng.

Laundromat and café for sale on the East Rand, Gauteng.

Introduction:

• This business is situated on the East Rand in Gauteng and is situated on a very busy street and quite visible for passing traffic.
• At this stage the business consists of a laundromat and a café but the owner has got equipment to start a car wash (valued at R 10,000), that can be included in the sale but the local Councils approval must just be obtained.
• The existing assets of the business amounts to R 17,000 which is being utilized for the laundry/café.
• There are 3 full time staff on site plus the owner.
• At this stage, there are no major marketing done so the business can be expanded quite easily.
• The main business is from walk in customers.

Financials:

• The average turnover/income amounts to R 38,624 pm plus R 1500 they receive for subletting a portion of the site.
• The average expenses per month amounts to R 30,000.
• Assets amounts to R 17,000 excluding the car wash equipment (valued at R 10,000) that the owner will make available to a buyer.

Selling Price:

• R 60,000- this will give a 100% ROI for a buyer with huge potential to expand.