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Established Launderette In Prime Position In Echuca For Sale

Echuca, Victoria, Australia
Asking Price:
$400,000 (AUD)
Sales Revenue:
$100K - $250K (AUD)
Cash Flow:
$100K - $250K (AUD)

It is located in CBD of Echuca VIC. An established business for over 20 years by the same owner. Business has proved resilient thru covid-19 pandemic with a drop of about 10% revenue. Equipped with 20 washers and 16 dryers, change machine, dispenser for powder and additives, back-to-base alarm and CCTV.
This is self running 24 hour business with an established clientele and boosted significantly by seasonal tourism. Requires a minimum of time , 7 hours a week , for cleaning and minor maintenance.
Some mechanical and/or electrical skills would be an advantage for maintaining machines.
Present owner would provide 3 months training.
Reasonable rent and long term lease (to 15 years) available to suit buyer.
This would suit semi-retired person looking for a good return on investment.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

Lease terms to suit buyer, to 15 years.

Leasehold Rent:

$23,400 (AUD) per annum

Location:

Edge of CBD in Echuca. Prime position with good parking for customers

Business Operation

Expansion Potential:

Turnover could be increased by adding services to coin-op business.

Competition / Market:

Little competition , by far the biggest and best launderette in the area.

Reasons for selling:

Present owner is retiring.

Trading hours:

24 hour trading ,7 days a week.

Employees:
0
Years established:
22

Other Information

Support & training:

3 months training on cleaning and maintenance of machines. Special tools required are included in sale.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

to be negotiated

Furniture / Fixtures value:
$150,000 (AUD)
Inventory / Stock value:
$1,200 (AUD)

Contact Seller

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