Laundromat - Waterloo

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Business Description

  • Located on Waterloo Corner Road, Paralowie
  • Operates 14.5 hours per day 7 days per week
  • Fully automated opening & closing
  • 11 Ipso (front loader) and 2 Speedqueen (top loader) washing machines
  • 11 Speedqueen dryers
  • On paper the business shows a $40,000 turnover and no profit
  • Operating since 1985 and owned by the current owner since 1999
  • Room to set up an ironing service
  • A great second income for somebody living in the area
Simon Winter 0419 828 689

Extended Price Information

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Offers between $40,000 - $60,000

Financial Summary

Year
Sales
2011/2012 $41,127 $5,803
2012/2013 $42,352 $ 5,042
2013/2014 $38,982 -$3,456
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The return to owner is a net return to one owner after all expenses and wages but excluding the vendors’ wage.

Lease Summary

Current Rent $1,748.72 per month + GST
Lease Term Monthly tenancy
Outgoings Paid by tenant
Adjustments CPI annually
Current Rent
Current Rent
Current Rent
It is anticipated that the purchaser of this business will seek a new lease on the same
terms and conditions and the landlord has agreed to provide a lease.

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Plant & Equipment

Original Cost of Plant $89,902
Written Down Value of Plant (approx.) $6,079 (as at 30/06/13)
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