Profitable, Established Northern Beaches Laundrette

This local laundrette, an integral part of a friendly little shopping village just up the hill from the beautiful Manly Beach, is well-established with a great reputation, having been operated by the current owner for nearly 20 years.

The current owner saw an opportunity to revitalise an existing laundromat which had built a strong reputation with locals for over 40 years. She expanded the operation to offer complete laundromat services for not only domestic clients but also local restaurants and other businesses, winning some government and semi-government contracts that have held to this day.

With the emergence of short stay accommodation in the area, the business enjoys a healthy trade from short stay accommodation providers on top of the regular local patrons.

Expanding the business to include drycleaning, ironing services and pick-up and delivery service has ensured the success of this laundromat over many years.

The time has now come to pass this business on to a new owner to continue to capitalise on the wonderful reputation of this local Institution.
• Consistent average income of +$4,500 pw for past 5 years
• 5-year lease from October 2020 with 5 year option in place. Lease has been running continuously for close to 20 years.
• Lease includes 3 bedroom apartment above commercial space accommodation upstairs which may present additional potential revenue opportunities through sub-letting or lease may be split subject to landlord consent
• Premises rented for c.$1,680 pw, with increases capped at 3% pa
• Minimal staff requirements.
• High quality equipment - Dexter, Electrolux - fully serviced and maintained
• Little direct competition nearby and surrounding suburbs

Overall, this represents afantastic opportunity to acquire a well-established, profitablebusiness in a wonderful, busy location. Potential for further revenue growthalso existsthroughanincreased online presence.

To learn more about this exciting business acquisition opportunity, call Peter today!

Listing ID: NSW11315
Broker: Peter Gibson
Phone: XXXXXXXXXX
Email: XXXXXXXXXX

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Note that some details of the business for sale are confidential and disclosure is subject to completing a Confidentiality Agreement and the discretion of the broker.

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Purchasers are required to make their own enquiries in order to verify the information provided.

Ref: NSW11315
Ref: NSW11315
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