DISTRESSED SALE
The opportunity here is for someone motivated and commercially minded who wants to come in and actively grow the business, rather than simply maintain what’s already there.
This is an investment opportunity to buy an established business in an affluent neighbourhood of Sydney's lower North Shore. Stable daily revenue with revenue growth YoY of 16.8%.
Offers a range of services that makes it different from a standard drycleaning shop. Perfect for an existing drycleaner who wants to scale and add wet wash drycleaning to their portfolio or someone who has a laundry business and would like to add drycleaning to their services.
Located in a village atmosphere in between a convenience store and popular cafe. Customer parking available at the front.
There are plenty of opportunities to keep growing the business.
Main point of difference:
- uses a WET WASH DRYCLEANING SYSTEM which is non toxic, environmentally friendly and water efficient (easy to operate plus safe for the operator who won't be exposed to toxic chemicals daily)
- aside from drycleaning it also offers BAGWASH, WEDDING DRESS PRESSING AND DRYCLEANING, LEATHER CLEANING, ALTERATIONS, BUSINESS SHIRT WASH AND PRESS, IRONING SERVICES, HOME AND BEDDING WASHING AND DRYING, CURTAINS
- SNEAKER CLEANING (newly launched the only drycleaning shop that offers this, great point of difference)
- 24/7 VENDING for garment pick up and drop off (allows for shorter opening hours, no missed business if you need to close the shop for a couple of days)
- alterations make up roughly 10% of revenue. Currently outsourced but increase revenue by bringing it inhouse
Other opportunities:
- database of over 2000 customers to market to
- room for retail space in the shop for selling other items such as gifts, suit bags, laundry bags, etc.
- has some small business customers, e.g., a luxury car dealership, two medical practices, and intermittent uniform cleaning for local businesses
QUICK SALE preferred
