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Business for Sale
Magic Peninsula Dry Cleaners
Margate QLD

Current owners have been operating for the last 23 years, and are looking to retire. Incredible opportunity to expand the business as the next closest competition is at Caboolture and Sandgate.

Price POA

Description

Details

Location

Must Sell! Make An Offer

Stock Included: —
Stock Value: —

Years Est: 1974
Gross Revenue: —

Only Working Dry Cleaner on The Peninsula!

Magic Starlight Dry Cleaners first opened 44 years ago in 1974. The current owners have been operating it for the last 23 years, and are looking to retire. Incredible opportunity to expand the business as the next closest dry cleaning competition is at Caboolture and Sandgate.

Opportunity

After 57 years in dry cleaning, the current owners only work limited hours now.

Opportunity to increase volumes through marketing and setting up new agencies and subcontract arrangements with other laundries.

The shop next door shares the loading dock and is available for lease now. It presents a great opportunity to install a suit/bridal hire shop that will have synergies with the dry cleaning.

Great margins to be had in clothes mending. Taking up trousers, new zips and alterations.

All Equipment is owned outright, there are no equipment leases.

All stock and an equipment value of $150,000 included in the sale price.

No Depreciation schedule in place.

Outgoings are paid by the landlord.

Financials available after signing non disclosure document.

Owner has used Barter dollars primary in trade for printing docket books.

Ideal husband & wife operation with $200,000 income and scope to double that. The business can easily be attached to another existing laundry operation.