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Profitable Laundromat In Newport For Sale

Newport, Victoria, Australia
Asking Price:
$265,000 (AUD)
Sales Revenue:
$124,000 (AUD)
Cash Flow:
Available on request

Looking to invest in a stable business? We have an opportunity for you!

Business Features:

priced to sell $265k. The business is run by 2 companies (the laundromat and door-to-door laundry service)

- Quality modern laundromat with the best brand: SpeedQueen machines and Tap & Go card payments facility
The owner engaged around 15 hours a week.
One part-time, long-term employee
developed door-to-door wash and fold service with commercial and residential clients
cost of Approximately $200,000 to set up: equipment, fit-out, electrical and plumbing works.
20 machines (10 dryers and 10 washers; the age of the machines is 8 and 10 years)
Top-of-the-line SpeedQueen machines are able to wash up to 18kg in one load (expected to last 25 years; see the screenshot from Google)
Quick drying times due to extensive gas supply
taking over $124,000 pa
Low rent: $2100 p.m.
Long lease, 5 years left + further term of 5 years
Big premises: 61 61m2
has all that a modern laundromat needs: Card Readers (Tap & Go), Security Cameras and WIFI.
It Comes with a platform trolley, professional scale, coin sorter, 2 sets of metal shelves, a Coin Changer, 2-column Soap dispenser, a led display for advertising in the shop window, TV and CCTV system with recording and monitoring on a mobile phone and the business website.
includes a van for pick-ups and deliveries
good location, situated on a main road with great exposure.
very stable business.
potential to develop ironing services and clothes alterations.
one owner for 10 years (wants to retire)
operating 7 days with little maintenance required

good investment opportunity

The Business Financial Statement is available to the buyer in due course after the Confidentiality Agreement has been signed.

Property Information

Real Estate:

Lease

Lease Terms:

5 years left + further term of 5 years

Leasehold Rent:

$25,257 (AUD) per annum

Location:

Good location, situated on a main road with great exposure.

Premises Details:

Big premises -- 61m2

Business Operation

Expansion Potential:

Potential to develop ironing services and clothes alterations.

Trading hours:

7 days a week, 7am to 9:30 pm

Employees:
1
Years established:
9

Other Information

Furniture / Fixtures value:
$100,000 (AUD)
Inventory / Stock value:
$2,000 (AUD)
Website:
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Relocatable:
This business can be relocated.