Retail – Dry Cleaners – Alterations

For Sale

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South Sydney

Business Code: M2243

$89,000
Key Features: No competition.- Long established. Regular customers. - Low rent. High margins. Solid income. - Trading 5 1/2 days only. Growth potential. -Well priced
State: NSW
Suburb: Ramsgate
Location: Prime location on shopping street in South Sydney area.
Premises: Well presented shop with an area approx. of 80 m2.
Price not disclosed

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Retirement- After running the business for 24 years.

Sale Reason

Many years

Established

Free parking at rear.

Parking

Owner operator

Employees

5 1/2 days. - Monday to Friday: 7:30 am to 5 pm. Saturday: 7:30 am to 12:30 pm. Sunday closed.

Trading Hours

Currently monthly rental payable. New lease available (possible 3 + 3 term ).

Lease

Retail dry cleaners offering full service to locals. Average weekly takings including 2 sub agents ( laundry businesses, delivery, customer orders ) around $1000 net profit. The shop equipment includes 2 dry cleaner machines, 2 press machines, one washing machine, one dry only machine, one iron machine, one boiler machine and sewing machine etc. Long established for more than 30 years. Open 5 1/2 days per week. -First time on the market after 24 years.

Features

No competition.- Long established. Regular customers. - Low rent. High margins. Solid income. - Trading 5 1/2 days only. Growth potential. -Well priced

Potential

Residential apartments in developing area will bring more customers. Could open 7 days to increase sales. Promote local marketing. Ideal for family business.

Comments

Keen vendor needs to retire and will consider all reasonable offers. A good opportunity to buy this long established, high margins and solid profit dry cleaner business. The sale price includes the shop stock whatever is left. Training will be provided. All business details will be shown on the meeting with a serious buyer. Inspections and meetings must be through SBX business broker.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$4200
Cost of Goods
$100
Gross Profit
$4100
Rent
$662
Telephone
$18
Insurance
$60
Electricity
$62
Total Expenses
$960
Net Profit
$3140
Price
$89,000
Price
$89,000
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