Dry Cleaner in Western Sydney

Description

Business type: dry cleaning

Location: Western Sydney, New South Wales, Australia

Trading history: more than 30 years

Current owner tenure: 12 years

Asking price: $250,000

Financial performance

FY25 revenue: $241,000

3-year average PEBITDA: $128,000

Price multiple: 1.95x PEBITDA

Retail revenue: approximately 85% to 90%

Wholesale agent revenue: approximately 10% to 15%

Assets

Furniture, fixtures and equipment value: approximately $60,000

2017 LDV G10 delivery van: included

Van value: approximately $18,000

Premises

Floor area: approximately 100m²

Lease term: five years

Monthly rent: $2,550

Operations

Full-time employee: one

Part-time driver: one

Casual staff: available

Google rating: 4.5 stars

Nearest major competitors: approximately 5 to 15 kilometres away

Growth

• Add online booking
• Expand pick-up and delivery
• Add corporate subscriptions
• Add residential subscriptions

Transition

Sale reason: retirement

Owner support: up to six months