Howe Street, North Dunedin, Dunedin

Cash Business -Laundry Services

This is a very appealing cash business operated in a central Dunedin location on the periphery of the university and student area. A commercial laundry service has operated from the site for over 30 years, 22 years under the current owner.

During that time the owners have built up a successful commercial cleaning service, servicing sports teams, local motels, hospital patients, elderly, local medical centers, hospitality and other local businesses. The business also has a regular walk-in customer base using its coin operated self service and full laundry service. Typical walk in customers include students, tourists, travelling business people and local residents.

The business is run at its current level of activity to suit the existing owners needs but has plenty of options to expand the commercial operation. They do not actively seek additional work and have undertaken very little advertising for over three years.

Allowing for a commercial rent and removing owners personal expenses the business achieved a working owner's profit (EBPIDT) in the year to March 2016 of over $63,000.

Both the business and the freehold property at 4 Howe Street, Dunedin are for sale:

*Property Only

*Business Only

*Together (Freehold Going Concern)


Deadline Sale: Wednesday 8 June 2016

Prospective buyers are encouraged to express their interest to the sole agents. Information Memorandum available upon request.