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Business for sale in NSW , Sydney
Sydney Business Exchange
Broker Details: Sydney Business Exchange
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Dry cleaning business which has been established since 1969 and never been sold. An extremely profitable and secure family business which is being offered for sale for the first time. 95% of sales are over the counter. Full training provided and

 
Sellers Ref: (S1555J)
Location: NSW - Sydney -Sydney
Category: Cleaning
 
Financial summary
Asking Price: $1,750,000
Sales revenue: Undisclosed
Net profit: Undisclosed
Furniture/Fixtures value: Undisclosed
Inventory/Stock value: Undisclosed
 
Business description
Dry Cleaners - Alterations - Cleaning - Sydney SBX Business Code: S1555J Dry cleaning business which has been established since 1969 and never been sold. An extremely profitable and secure family business which is being offered for sale for the first time. 95% of sales are over the counter. Full training provided and an extensive transition period for the incoming purchaser. All staff are willing to stay and several staff can run/manage the business. Currently opens 7 days but only for counter service. Potential to trade on Sundays as this has proven to be a busy dry cleaning day. Potential Owners do not open on Sundays and are currently knocking back work. New motivated owners can take all work and increase turnover even further. A rare opportunity lies to purchase a well established business with potential for further growth Features Established 1969. Potential to grow business even further. Strong financials. Secure business. Premises Business is over 2 levels. - 92 sq. mts. on lower level and 125 sq. mts. on upper level Location Brilliant location and well fitted out. Comments Dry cleaners in key locations always trade well regardless of GFC or recession. Finance available. Fully equipped business. Massive potential! Suit family or 2 families to purchase! Dont miss out. http://www.sbx.com.au/record_detail.php?code=S1555J
 
General Information
Employees: 2 owners + 14 rotating staff. - 12 staff generally on at once. 6 staff in production and#38; cleaning + 10 staff on counter and alterations.
Trading Hours:7 days - Mon. to Fri. - 7 a.m - 7 p.m. - Sat. - 7.30 a.m - 5 p.m. - Sun. - 10 a.m - 4 p.m
 
Other Information
Realocatable: 1
Reason Selling: Retiring after 41 years in the business
Lease Terms: New lease available: - 10 x 5 year lease available. Business owner is landlord.- 4 % annual increases. - 3 month bank guarantee