Popular Self Service Laundromat Parramatta

Price

$675,000

Profit *

Refer to Broker

Sales Revenue

Refer to Broker

Location

Sydney Region, Parramatta

Category

Services, Cleaning

Listing #

NSW09998

Parramatta Cleaning Business for Sale
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Parramatta Cleaning Business for Sale
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About this business for sale in Sydney Region, Parramatta

Looking for a solid revenue but with minimal work involved then look no further as this fully automated cashless laundry business is an amazing business opportunity!

This modern laundromat is fitted with card operated washing and drying heavy duty machines that are perfect for large washes and industrial wear. Only 3yrs old, this business is one of the best performing laundromats in the country!

The business comes with 24hr CCTV monitoring, plenty of parking, and good access to public transport with lots of restaurants, cafes, shops and parks in close proximity to the laundromat for users to pass time while washing and drying their loads. 

Located in a growing commercial and residential hub, the business is well set up to service customers from its surrounds! 

Key Investment Features:

  • Sales growth year on year – current sales $256K p.a 
  • Profit approx. $159K p.a 
  • Fully automated opening and closing of the business. No need to turn up!
  • Full financials available – no cash in business for transparency of earnings!
  • Good lease terms with low rent
  • Equipment in great working order and only 4 years old
  • 25 new, regularly maintained, Speed Queen commercial & industrial grade, hevy duty machines
  • Very limited involvement from owner – occasional cleaning 
  • Solid stable returns for an investor – ~25% return on investment!!

Gareth Wolrige
Business Broker
Phone: + 61 2 9899 1999
Mobile: +61 448 715 762
Email: [email protected]

THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF

Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.

To find out more, complete an online confidentiality agreement by clicking the button below.

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For reasons of confidentiality a stock photo image may be used to represent the business for sale.

*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.

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