Short Story
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
- The total costs for the machinery is R240 000. You purchase a portion of it for R100
- 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.
- This will be paid out quarterly to you
- The entire payment process will be managed by The People’s Fund and Audited by SnB Chartered Accountants & Auditors ( Practice Number 966205)
- The People’s Fund will take 10% of the proceeds (or 0,02 cent per person per kilo of laundry) to administer this.
- 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.
Own Just Laundry Machinery
-
R240,000.00
Funding Goal -
R232,900.00
Funds Raised -
0
Days to go -
Goal and Date
Campaign End Method
Campaign Story
Name | Donate Amount | Date |
---|---|---|
Dipesh Jeena | R2,000.00 | October 24, 2018 |
Pauline De Wildt | R1,000.00 | October 23, 2018 |
Thulani Gumede | R1,000.00 | October 23, 2018 |
The People's Stokvel | R120,029.00 | October 22, 2018 |
Nolly Nkabinde | R1,000.00 | October 13, 2018 |
Shanaud Pentasaib | R5,000.00 | September 28, 2018 |
Molate Lucky Matlou | R1,339.00 | September 27, 2018 |
Boitumelo Moloto | R5,000.00 | September 27, 2018 |
Darelene Pentasaib | R2,000.00 | September 25, 2018 |
kgomotso makhubela | R515.00 | September 24, 2018 |
Nhlanhla Magubane | R500.00 | September 14, 2018 |
Mishlin Pillay | R500.00 | September 09, 2018 |
Kgadi Ella Ntsopi | R1,000.00 | August 29, 2018 |
Flona McKay | R100.00 | August 29, 2018 |
Glodine Ndhlovu | R206.00 | August 22, 2018 |
MaSetshedi Setshedi | R2,678.00 | August 19, 2018 |
Molifi Kamoi | R100.00 | August 14, 2018 |
Malesela Ledwaba | R200.00 | August 06, 2018 |
Ronald Knott-Craig | R1,500.00 | August 06, 2018 |
Joan Laine | R2,000.00 | August 05, 2018 |
Khwezi Jackson | R100.00 | August 02, 2018 |
Gaorobale Mogatle | R10,000.00 | July 20, 2018 |
Nozipho Mphahlwa | R300.00 | July 19, 2018 |
Qiniso Ndlovu | R500.00 | July 17, 2018 |
David Mongwe | R2,500.00 | July 16, 2018 |
Mawethu Bheme | R502.00 | July 15, 2018 |
Kwenza Buthelezi | R2,000.00 | July 07, 2018 |
S AND D Investments (Pty) Ltd. | R1,000.00 | July 02, 2018 |
Sibonelo Mbongwe | R1,000.00 | July 01, 2018 |
Joan Thomson | R1,000.00 | July 01, 2018 |
Refilwe Khumalo | R100.00 | July 01, 2018 |
Busi Ntshangase | R1,000.00 | June 30, 2018 |
falakhe shabangu | R250.00 | June 29, 2018 |
Mpumelelo Sihle Masemola | R100.00 | June 28, 2018 |
Lorretta Tshuka | R200.00 | June 27, 2018 |
Shan Romon | R3,000.00 | June 27, 2018 |
Johannes Letsholo | R100.00 | June 25, 2018 |
The People's Stokvel | R41,600.00 | June 25, 2018 |
Thomas King | R200.00 | June 17, 2018 |
Andy Hadfield | R1,000.00 | June 14, 2018 |
Lesley Matjele | R270.00 | June 13, 2018 |
Karabo Galetlole | R500.00 | June 13, 2018 |
Thabo Maluleka | R2,000.00 | June 12, 2018 |
Helen Faulkner | R500.00 | June 11, 2018 |
Nabeela Sujee | R500.00 | June 10, 2018 |
Moeketsi Ramohlabe | R1,000.00 | June 10, 2018 |
Nosipho Mohale | R300.00 | June 06, 2018 |
Andrew Mukanyima | R500.00 | June 06, 2018 |
Jonathan Darker | R500.00 | June 05, 2018 |
Mamokgethi Sekano | R1,000.00 | June 05, 2018 |
Zevah Mntambo | R1,000.00 | June 04, 2018 |
Abel Kortje | R100.00 | June 04, 2018 |
Koketso Manaka | R250.00 | June 04, 2018 |
Matthew Behrens | R500.00 | June 04, 2018 |
Naweed Khan | R1,000.00 | June 02, 2018 |
Shalati Setshedi | R1,000.00 | May 25, 2018 |
Thembeka Mpapane | R1,500.00 | May 25, 2018 |
Bambithuba Investment | R1,000.00 | May 11, 2018 |
Lesley Matjele | R200.00 | May 09, 2018 |
BrownSense Stokvel | R41,400.00 | May 09, 2018 |
Sharon Mthetho | R10,000.00 | May 01, 2018 |
Patrick Dlamini | R10,000.00 | April 30, 2018 |
Moore Mogoboya | R100.00 | April 29, 2018 |
Sibonelo Mbongwe | R1,500.00 | April 16, 2018 |
DS Nkhumeleni | R100.00 | April 07, 2018 |
Brownsense Stokvel | R52,500.00 | April 05, 2018 |
Naweed Khan | R1,000.00 | March 29, 2018 |
Colin Tyandela | R200.00 | March 26, 2018 |
Tracy CRICHTON | R1,000.00 | March 23, 2018 |
Ayanda Sema | R500.00 | March 21, 2018 |
BrownSense Stokvel | R29,700.00 | March 10, 2018 |
Medeine Tribinevicius | R1,000.00 | March 06, 2018 |
FIona Mckay | R100.00 | March 05, 2018 |
Andisiwe Manzana | R100.00 | March 05, 2018 |
Given Baloyi | R1,000.00 | March 02, 2018 |
Refilwe Phage | R200.00 | February 21, 2018 |
Matodzi Matshidze | R1,000.00 | February 19, 2018 |
Hlobisile Vilakazi | R400.00 | February 07, 2018 |
Raesibe Mphahlele | R200.00 | February 07, 2018 |
Brownsense Stokvel | R84,500.00 | February 05, 2018 |
Barbara Strydom | R500.00 | February 04, 2018 |
Tebogo Mophosho | R2,000.00 | January 27, 2018 |
Jane Walls Hurwitz | R3,000.00 | January 24, 2018 |