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 income of $4,600 pw.
• 5-year lease from October 2020 with 5 year option in place.  Lease has been running continuously for close to 20 years.
• Lease includes accommodation upstairs (3 br apartment) which may present additional potential revenue opportunities.
• 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 a  fantastic opportunity to acquire a well-established, profitable business in a wonderful, busy location. Potential for further revenue growth also exists through an increased online presence.

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

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

To find out more, press the "Enquire Now" button to complete an online confidentiality agreement.

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.

Stock photo images may be used to represent the business on an unidentified basis. Purchasers are required to make their own enquiries in order to verify the information provided.

Ref: NSW11315

 
Ref: NSW11315
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