Ref. No - BFS00350
South Africa, Western CapeRef. No - BFS00350
Sector - Sales & Services
Summary
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- ie 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 ie 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 receives a welcome drink- the laundry has a stable income with a long lease in place, and all equipment is in working order
Give me more informationHow long has the business been established?
2010
Is the business VAT Registered?
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
3 Selling price
R880,000- this gives you a 64% ROI (EBITDA)!!
How many employees?
5
When does the current lease end?
There is 3 years left on the existing 5 years lease but a new owner will negotiate a new lease
What is the annual escalation %?
8%
Access to the number one business broking tool to get your business sold.
We've got you covered!
We offer an innovative and intuitive
solution for selling your business, franchise and premises
Promote
your business for sale
Reach
the right audience
Gain
more exposure
More businesses you may like
More similar, inspiring businesses for sale
Cape Town Vape Vending & Digital Advertising Business
975,000
YNP - R 192,991
Trusted Electrical Contracting Business for Sale
740,000
YNP - R 328,193
Investor required for the development of padel courts
4,200,000
YNP - R 0
Knowledge Bank
Get the latest information, valuable tips and share in the professional knowledge of business experts on selling or buying a business
Buyers
The Agreement You Trusted, and Why It Failed You
Free contract templates and AI tools can help you get started, but they cannot replace professional
Good Debt, Bad Debt, and the Money Sitting Idle
Not all debt is bad. Discover the difference between good debt and bad debt, and learn how smart bus
What Your Numbers Say Before You Open Your Mouth
Your financial statements speak long before you do. Discover why clean, accurate financial records b
Sellers
The First Five Things a Buyer Looks At
What do buyers look at first when considering a business for sale? Discover five key areas sellers s
Why Buyers Pay for Proven Earnings, Not Promises
Buyers pay for what a business has already proven it can earn. Learn why consistent profits, reliabl
Automate the Boring Before You Blame the Team
Repetitive admin can drain your team’s time and limit business growth. Learn how simple automation