Dry Cleaning Conglomerate operating from three premises – 20 years old, Profitable, for the Risk Averse Buyer.
This Profitable Dry Cleaning Conglomerate, has stood the test of time. The turnovers are consistently growing, and the profits are stable. There are contracts in place, and two new contracts have just been signed. There are new depots being negotiated. This all adds up to one thing, and that is, that this proven profitable business has no downside potential, on the contrary, only upside, so any buyer, can sleep easy, knowing that he is buying a stable profitable growing business, which runs itself.
Fixed Assets amount to R1.1 million consisting mainly of Machinery and Equipment and predominantly, a Seve Dry Cleaning Machine. Recorded Turnovers Y/E Feb 2018 R2,596,537 and Y/E 28 February 2019 R2,761,994. Net Profits after all expenses before tax 2018 R839,292 and 2019 R720,736. And this Net Profit, with additional contracts being signed, and new depots being opened can only increase. Rentals including Electricity and Water are a substantial expense of the business, and it is suggested that the new buyer would be in a strong position to negotiate lower rentals, in light of the present economy, which would effectively increase profits as well. Wages are also a substantial cost to the company, but the people are the backbone of the business, and this was the main cause of the Net Profit in 2019 dropping slightly despite higher Sales and Gross Margins in 2019 – with the expected new depots, wages will be spread over more income.
PRICE: R2.5 million not negotiable. This business will be sold within one week – Hurry before it is too late!!