Internal Ref: bus22064
Summary
Well-established dry cleaning business in a high-traffic Werribee shopping centre. High visability. Over 190,000 visitors monthly. Potential to expand into a laundromat.
Revenue
$140,000 pa
Rent
$57,920 pa
Location Details
Werribee Shopping Centre Heaths Road
Located in prime shopping centre location at the busiest entrance. On average 190,000 visitors walk past each month. High visibility and opposite the Coles car park.
Potential
Investors: Can integrate with a laundromat setup, sell the equipment, and outsource the dry cleaning to contribute to overheads. Marketing to the 190,000 monthly visitors presents an immediate opportunity to boost profits. Any change to business use subject to landlord approval.
Owner-Operators: With onsite management, the business can be run more efficiently.
Skills
You will need to provide proven experience in the dry cleaning industry or laundromat industry if you are interested in turning it into a laundromat (subject to landlord's approval).
Hours
Mon: Fri 9 am–5 pm
Sat: 9 am–3 pm
Sun: Closed
Lease
Lease finishes in June 2028. But there should be no issue with further terms given it's located in a shopping centre.
Employees
Staff: 3 employees working under ABN
2 employees work 16 hours per week each
1 employee works 14 hours per week
Reason for Sale
The owner purchased the business shortly before becoming pregnant and was unable to work onsite, requiring paid staff to manage daily operations that reduced profitability.
About the Business
Revenues: Annual revenue in financial year 2025 is $140,545 and equipment value is estimated at $25,000–$30,000. The business enjoys steady walk-in trade, strong location goodwill, and a loyal customer base.
Equipment: Fully equipped and ready for immediate operation, allowing a new owner to start earning from day one.
Additionally, the wash, dry, fold service is growing in popularity locally. With marketing exposure to the heavy foot traffic each month, profits could increase immediately, as the current owner does no marketing.
Business Valuation: The business is valued based on a conservative multiple of approximately 1x adjusted net profit plus equipment, goodwill and prime location, making this a low-cost business with significant growth potential for an astute investor or owner-operator.
Asking Price: $49,000 + stock, including all equipment.
IMPORTANT: Buyers must have prior experience in the dry cleaning industry, or relevant laundromat experience if intending to apply to convert the premises into a laundromat.
Next Steps: Cash buyers only. Provide brief evidence of available funds (e.g., a recent bank statement or screenshot) confirming capacity to complete the purchase and to receive the digital NDA and access confidential information.
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