A Longstanding Profitable Laundromat

On offer is a longstanding 24/7 self-service coin and card laundromat that has been operating since 1956 and was rebranded by its current owners in 2004. It also offers an automated drop-and-go laundry locker service. As an essential service, it thrived amid COVID-19, demonstrating its resilience against economic downturns, making it the ideal acquisition opportunity for strategic purchasers seeking an easy-to-run operation.

*   P&E worth approx. $202,000
*   24-hour operation; open 365 days
*   4-year lease; cheap rent
*   50 sqm premises
*   Top-of-the-line Dexter machines
*   Current owners only stop in to do their own laundry

Sonia Van Der Merwe and the team at LINK Gold Coast are thrilled to present a profitable laundromat to the market.

It is strategically located centrally in a coastal suburb, nestled in a predominantly commercial area. It is exposed to high foot and motor traffic daily, enabling it to attract new and repeat customers easily.

Its premises are fitted with multiple Dexter machines, each capable of taking coins or cashless payments via Nayax card and phone readers. All of which will be included in the sale, eliminating the need for additional capital injection post-settlement.

Additionally, it is fitted with security cameras that can be remotely accessed, affording its owners excellent lifestyle flexibility. The business also has one casual staff and a contract cleaner, each assisting several days per week.

Due to the business’s longevity, it has developed a loyal customer base that has been pivotal to its continued growth. It has also developed a stellar online presence, leveraging through its website and Google AdWords.

Even with its current success, the business still has immense potential for further growth, particularly through increased marketing efforts. If you have what it takes to drive this business to its next level, give Sonia a call today!

S.A.V. (Stock at Value, estimated at $1,000)

REF:  GC00941