High Profit Pandemic-proof Laundry

$4000+ per week turnover, 30% ROI. Low rent and great exposure on the main street. The Jacaranda Laundry has operated in Grafton for over 40 years, servicing the Clarence Valley over the decades with no direct competition. Being an essential service, the Laundry has operated throughout the entire pandemic (even lockdowns) without interruption and was plenty profitable throughout. Recently purchased in 2019, we have relocated and modernized the laundry in its new main street location with almost all new Dexter equipment, accepting both coin and cashless payments including mobile pay. Currently operated by myself and partner, this is an easy business to run, with around 75% of income coming from the high profit self-service coin laundry itself. Mostly passive income! We offer other services such as: Wash, dry and fold, Doonas/blankets/quilts etc. Ironing. Current lease for the premises is 5 years with option to renew and contact is made direct through the landlord so you don't have to worry about agencies! The building itself has plenty of space with toilet and kitchen area at the rear and a double garage for vehicles or extra storage. The shop also has 2 reverse cycle aircon units for comfort all year round. This Laundry has potential to expand commercially if desired or can be easily converted to 100% self-service. Grafton is a substantial rural city in the Northern Rivers region, New South Wales. It is located approximately 616km north of Sydney and 313km south of Brisbane via the Pacific Highway. Grafton is one of Australia's most beautiful provincial cities characterised by wide streets and elegant Victorian buildings, a superb location on the banks of the Clarence River. It is renowned for its Jacaranda trees and well known as 'Jacaranda City' with more than 2,000 Jacarandas blossom in spring, creating a sea of mauve for the famous Jacaranda Festival, the oldest flora festival in Australia. It's manicured 24 gardens glow with seasonal blossoms and, throughout the year, Grafton host festivals and community celebrations that attract thousands of visitors. The city is a thriving commercial hub of the Clarence Valley with great shopping, sporting and cultural facilities, award-winning restaurants and a smorgasbord of entertainment from the many pubs and clubs. Grafton has a range of quality accommodation including motels, B&Bs, self-contained apartments, hotels and caravan parks. It is also a gateway to wilderness adventure!