High Profit Pandemic-proof Laundry

Business For Sale Grafton, New South Wales 2460

Business Category Cleaning Clothing Accessories Lawn Mowing

$389,000

Description

High Profit Pandemic-proof Laundry

Busiest Laundry on the North Coast! $4000+ per week turnover with 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 operated throughout the entire pandemic (even lockdowns) without interruption and was profitable throughout. This is a fail-proof business.

Recently purchased in 2019, we have moved and completely modernized the laundry in its 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 *Doona, blankets/quilts, toppers etc

*Ironing

We are also an Agent for Coffs Harbour Dry Cleaners, sending Graftons Dry Cleaning to Coffs Harbour weekly, earning Commission per item. Bonus income!

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 a bathroom and kitchen area at the rear and also has a double garage for your vehicles or extra storage. The shop also has 2 reverse cycle aircon units for comfort all year round. This Laundry has huge potential to expand commercially if desired and offer linen services for local and surrounding hotels/motels/bnb's etc and also has the potential to be the first Dry Cleaners in Grafton!

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!
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Bsale ID: 562253
Broker REF: 3341504

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