Business ID: BS------
Two business in one, Adjusted Average Profits $160k + Sale Price $270,000 WIWO
McMahon Dry Cleaning and New England Embroidery are 2 businesses, co-located in the same premises in Armidale, NSW. McMahon Dry Cleaning has been in operation for approximately 44 years from this shop and New England Embroidery added about 16 years ago.
Each business has a separate yet similar customer base, thereby providing potential to increase clientele in a broad and diverse range for both sections of the business.
McMahon Dry Cleaning is the sole drycleaner in Armidale, and the New England Region. The nearest competitor is located in Tamworth (1.5-hour drive).
The business offers the following services:
-Dry Cleaning services
-Basic laundry services- not commercial large laundry
-Ironing and press only services
-Embroidery of business, school and personal logos
-Supply of clothing for business, sport embroidery and personal use
-Supply of Trade workwear such as shirts, trousers, jumpers, jackets and caps
-Embroidery of towels and other specialty items commonly used for Christmas, christenings, baby showers, birthdays and farewell presents.
The business is situated on the ground floor of a 3 storey building in the Armidale’s CBD.
The business has just signed a new 2x3 year lease in which they are not charged for water usage.
McMahon Dry Cleaning holds a monopoly in the region which provides significant opportunity for business growth.
The vendor will train a new owner in the shop for 2 weeks prior to handover, and then stay with pay for 2 weeks after handover. There is a possibility of the vendor staying on to help train the new owners if required, but as a paid position for a time to be determined.
This business would suit an ambitious and dedicated owner-operator or a partnership team who wish to enjoy higher incomes with a small investment, or someone who is looking for a rewarding opportunity that can be further improved by taking this business to the next level by modernising and updating its marketing approach, and by expanding into other areas.
Asking Price: $270,000 WIWO