Visit this listing at https://www.sbx.com.au/business?id=SF1554

Business Code: SF1554

Key Features: Dry Cleaner - Eastern Suburbs/Maroubra- Busy corner location- Retail

State: NSW

Suburb: Maroubra, 2035

Location: Corner location on busy main road surrounded by high rise residential, shopping centre and other retail in the Eastern Suburbs

Description

Retail dry cleaner offering dry cleaning, laundry, shirt pressing, ironing - Can handle large volumes - No driving to pick up from agent, all revenue is in store, therefore higher margins and less work - Very streamlined and a low maintenance set up with European machines with no boiler and no gas - As new equipment valued at $150k. Sales shown are weekly average

Summary

  • Features: Beautiful shop fit out and branding - Good reputation - High quality European equipment - Nothing to spend - Easy to run - Stable business
  • Potential: An owner operator could increase sales and profit - Lots of new high rise being built nearby - Introduce a 24 hour drop off box (STA) - Could open 7 days - Service laundry customers - Provide linen ironing services to nearby businesses - An owner operator would help increase sales and lower costs
  • Premises: One of the newest dry cleaning shops in NSW built with European equipment, with an area of 85m2
  • Trading Hours: 6 days - Mon. - Fri. - 8 a.m. - 6 p.m. - Sat. - 8 a.m. - 3 p.m. (July 2020 Currently open 4 days Mon, Tues, Thurs, Sat 8 am - 3 pm )
  • Lease: Current lease expires Aug, 2020 + 4 year option - CPI increases - 3 month bond
  • Employees: 1 Owner/Manager(Owner is overseas during Covid-19) - 3 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$5,000

Cost of Goods

$200

Gross Profit

$4,800

Rent

$1,000

Wages

$900

Outgoings

$20

Telephone

$20

Insurance

$25

Electricity

$125

Misc1

$300

Total Expenses

$2,390

Estimated Stock (Additional)

$1,500

Equipment (Included)

$130,000

Net Profit

$2,410

Price

$198,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Dry Cleaners - Laundry - Under Management - Retail

Business Code: SF1554
Price: $198,000

Key Features: Dry Cleaner - Eastern Suburbs/Maroubra- Busy corner location- Retail

State: NSW

Suburb: Maroubra, 2035

Location: Corner location on busy main road surrounded by high rise residential, shopping centre and other retail in the Eastern Suburbs

Description

Retail dry cleaner offering dry cleaning, laundry, shirt pressing, ironing - Can handle large volumes - No driving to pick up from agent, all revenue is in store, therefore higher margins and less work - Very streamlined and a low maintenance set up with European machines with no boiler and no gas - As new equipment valued at $150k. Sales shown are weekly average

Summary

  • Features: Beautiful shop fit out and branding - Good reputation - High quality European equipment - Nothing to spend - Easy to run - Stable business
  • Potential: An owner operator could increase sales and profit - Lots of new high rise being built nearby - Introduce a 24 hour drop off box (STA) - Could open 7 days - Service laundry customers - Provide linen ironing services to nearby businesses - An owner operator would help increase sales and lower costs
  • Premises: One of the newest dry cleaning shops in NSW built with European equipment, with an area of 85m2
  • Trading Hours: 6 days - Mon. - Fri. - 8 a.m. - 6 p.m. - Sat. - 8 a.m. - 3 p.m. (July 2020 Currently open 4 days Mon, Tues, Thurs, Sat 8 am - 3 pm )
  • Lease: Current lease expires Aug, 2020 + 4 year option - CPI increases - 3 month bond
  • Employees: 1 Owner/Manager(Owner is overseas during Covid-19) - 3 casuals
  • Sale Reason: Other business interests
  • Comments: Misc.- 1 - Other general expenses + GST - All European machines installed in 2014 - Equipment includes a fibrimatic 18 kg. machine, Barbanti electric shirt machine, Cocchi cuff and collar and a Cocchi closed system ironing station x 2 (with new steam irons), 18 kg. wet clean washer and 23 kg. wet clean washer, 18 kg. dryer, 23 kg. dryer and a heat seal bagging station -
    - First time on the market - Low power consumption - Sales shown are 2019 weekly average - Good equipment value. Managers wage has been removed and shown in profit as for an owner operator - A must to inspect but please be discrete.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Weekly Takings
(inc GST)

$5,000

Cost of Goods

$200

Gross Profit

$4,800

Rent (ex GST)

$1,000

Wages

$900

Outgoings

$20

Telephone

$20

Insurance

$25

Electricity

$125

Misc1

$300

Total Expenses

$2,390

Estimated Stock (Additional)

$1,500

Equipment (Included)

$130,000

Net Profit

$2,410

Price

$198,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.