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Casino

Richmond Valley

REDUCED $55,000

Property Features

  • 18311485 Property ID

Property Description

Are you looking to be your own boss, manage a small business or change jobs ??- Well this is for you. The well respected and established 'Casino Laundrette' is now for sale. Offered for sale due to ill-health within the family, the laundry has a very loyal customer base, which includes motels, licensed premises, sporting clubs and a large community clientele. The laundry currently operates from leased premises in Centre Street Casino, however ideally a new location could assist in reducing costs as well as enabling expansion of the business. The following equipment and property are included in the sale: • Six (6) washing machines • Four (4) dryers • Roller iron • Irons and Ironing boards • Hanging Racks • Sheets and towels (for hire) • Office equipment and Laundry consumables • Full list of clientele including introduction and training This business has potential, with astute research showing the possible projected income. With some savvy business management and targeted networking it is feasible to foresee the creation of a monopoly for the Casino Laundrette. Unfortunately, ill-health has forced the reluctant sale of this family run business. Employee wages have had to increase as a result, this has impacted upon the profit margins. However, with an owner/operator purchaser (nil wages) it is possible to expect a 30% return on the owner's investment. The laundry services the Richmond Valley with laundering and drying, but also provides a hire service for sheets and towels. This could be expanded to include party and wedding hire, which shows further development potential. Currently the laundry employs two staff, with the option for the new owner to retain these employees. However to increase profit margins, re-location and an owner/ operator would be more beneficial. An important factor is that the laundry can have very flexible opening times and could quite easily be operated to suit a busy lifestyle, as a second job or even to supplement a retirement income. You could open 5 days a week or 7 days a week or continue the current opening times. Here is your opportunity to buy yourself a job ! All necessary training and knowledge will be passed on by the current owners, along with full contact list of all current clients and their respective needs.

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