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Coin Operated & Commercial Laundromat - UNDER OFFER

Under Contract / Offer

Maitland, New South Wales

Coin Operated & Commercial Laundromat - UNDER OFFER

An exceptional family owned business for over 40 years that is now within a popular growth area close to Maitland 30 minutes or so from Newcastle. This business has strong cash flow and profitability making this a great value opportunity.
This business represents amazing value ticking many boxes for all you buyers. Here is just a few key highlights;
• Proven and established business of over 40 years
• Offers cash flow with self service coin operation and strong commercial division
• Approximately $350,000 spent in recent years on leasehold improvements and equipment
• Upgrades and improvements this year costing $100,000 or so including a new Miele Commercial Ironer
• Energy efficient measures are in place
• New signage
• New long term lease securing your position
• Profitable business offering well over $250,000 in adjusted Net Profits for a working owner
• Current owner works around 10 hours per week with staff and systems in place

If you are interested in finding out more about this quality opportunity, please go to www.merchantbrokers.com.au. Alternatively, email info@merchantbrokers.com.au or call us on 1300 BROKER (1300 276 537).

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Last updated: 5th November 2020

Summary

Property Type
Business
Contract Type
Under Offer
Location
 Maitland
State
 New South Wales
Price
Under Contract / Offer
Category
  • Cleaning
  • Hire/Rent
  • Vending

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Agency

Business Brokers Network

Business Brokers Network

Contact

Shane Fox