Established Laundry & Fabric Retail Business In Agulhas Coastal Plain For Sale

Description

Business type: fabric retail and laundry businesses

Sale structure: two complementary businesses

Current status: established operating businesses

Fabric store

Trading history: more than 36 years

Previous owners: 2

Average annual turnover over the past 3 years: R1,800,000

Asking price: R750,000

VAT: excluded

Stock in trade: excluded

Laundry business

Average annual turnover over the past 3 years: R376,000

Asking price: R450,000

Combined financial information

Total asking price: R1,200,000

VAT: excluded from the total asking price

Average monthly turnover: approximately R185,000

Average monthly net profit: approximately R29,000

ROI: 28%

Customers

Loyal customer base: established

Repeat customers: established

Market presence: established

Staff

Experienced staff: in place

Daily operating structure: established

Premises

Premises: may be available

Property acquisition: subject to separate negotiation

Revenue streams

• Fabric retail sales
• Laundry services

Expansion options

• Additional marketing
• Additional laundry services
• Retail business development
• Additional customer acquisition