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Own Just Laundry Machinery

Minimum Contribution R100.00

Maximum Contribution R100,000.00

101%

R243,100.00

  R240,000.00   Goal

77 Funders

JUST LAUNDRY

Just Laundry, founded by Richard & William Thubakgale, is a next day laundry delivery service. They have been operating for 2 years and in that time, they have built a team of 5 full time employees. They currently average 1500 kilograms of laundry per month and between R60k and R65k per month. Their washers & dryers are currently operating at full capacity and they have had to turn work away. This is where you come in. You can help them buy a new set of washers & dryers from as little as R100, and you will earn your share of R5 per kilo of laundry done for the next 6 years.

How It Works
  1. The total costs for the machinery is R240 000. You purchase a portion of it for R100
  2. The 2400 owners of the washers & dryers will earn R5 per kilogram of laundry done for the next 6 years. Put another way, each person will earn 0,2 cents (R0,002) per kilo of Laundry done.
  3. This will be paid out quarterly to you
  4. The entire payment process will be managed by The People’s Fund and Audited by SnB Chartered Accountants & Auditors ( Practice Number 966205)
  5. The People’s Fund will take 10% of the proceeds (or 0,02 cent per person per kilo of laundry) to administer this.
  6. You own the machinery for 6  years and then it is passed onto Just Laundry after this period. Put another way, your earnings acts as a buy back of the asset by Just Laundry.
Expected Returns

NB!! First & foremost, we need to declare that this does not constitute financial advise in anyway and that we have made our projections based on historical yields. Buying assets that will be run by a small business is risky and you should only commit money you are willing to lose.

Just Laundry has been struggling to meet demand due to the limiting factors mentioned above. Although the new capacity would allow them to double their capacity, we are modestly modeling the returns on their historical data of 1500 kilograms per month, that translates to 18 000 kilos of laundry a year, or rather R36 per year. The total return for the 6 year period is R216. Put another way, you would get 19,3% return, year on year, paid out to you quarterly(every 3 months) for the next 6 years.

Contribution / Asset Purchase Returns
Quartely Yearly % Total (6years) %
R100 R9 R36 19% R216 116%
R1 000 R90 R360 19% R2 160 116%
R10 000 R900 R3 600 19% R21 600 116%
R50 000 R4 500 R18 000 19% R108 000 116%

 

NB: There is a handling fee associated with the payment gateway you choose to use on the checkout page.

Direct Bank Transfer 0%

i-Pay Instant EFT 3%

Payfast R3 + 5%

scroll down & put in how many you would like to buy, anywhere from R100 to R50 000.

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Campaign Creator
Name: Malesela Thubakgale
Nick Name: malesela-thubakgale

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