Summary
You’ll learn to love washing as you make money while others use your washing machines and dryers. Laundromat’s are our most popular sought after passive income stream businesses.
Location Details
This laundromat is located in the Kensington Coles complex which is Bundaberg’s newest shopping centre being established about 5 years ago.
Potential
This laundromat is located in the Kensington Coles complex which is Bundaberg’s newest shopping centre being established about 5 years ago.. It is perfectly located close to the Uni, farms, sports fields and residential areas so there are plenty of customers available. The centre is fully leased with Coles being the key anchor tenant and it is in the process of being dramatically extended, so again, even more clients coming.
Skills
This one is fully automated with a casual onsite cleaner who opens and closes the premises for you so you just count the “kachings”.
Hours
7 day operating hours are a long 6am to 9pm
Lease
The lease has another 3 years to do and there is a 5 year option available.
Employees
One casual cleaner who also does basic maintenance as well as opening and closing of the shop.
Reason for Sale
The owners are going to pursue separate new ventures.
About the Business
Ideal passive income laundromat.
You’ll learn to love washing as you make money while others use your washing machines and dryers. Laundromat’s are our most popular sought after passive income stream businesses.
This one is fully automated with a casual onsite cleaner who opens and closes the premises for you so you just count the “kachings”.
This laundromat is located in the Kensington Coles complex which is Bundaberg’s newest shopping centre being established about 5 years ago.. It is perfectly located close to the Uni, farms, sports fields and residential areas so there are plenty of customers available. The centre is fully leased with Coles being the key anchor tenant and it is in the process of being dramatically extended, so again, even more clients coming.
The shop is approximately 75 m2 and has a key operated front roller door for storm protection. There is a small section in the back which can be sublet or expanded with more machines. This back section is air conditioned and has it’s own roller door to enable it to be secured when unattended whilst leaving the laundromat fully functioning.
Rental incentive of 50% rent till Jan 2025 are still inplace to ensure you get a running start.
• Minimal maintenance (done by the cleaner) is needed as the fitout is just over two years young
• All equipment high quality USA Dexter with an installed price of approximately $150,000 with warranty still applying
• New liquid detergent injection system
• Credit card hardware and software
• Lease incentives
• 7 day operating hours are a long 6am to 9pm
• Plenty of parking
There is an easy handover with the main item being provisioning of bank details for the electronic card payments to come through to.
This is a stress free walk in as town gas, operating computers, water, ventilation and security has all been installed.
Some people say you shouldn’t go round in circles. I say that you should make money while clients watch their clothes go round in circles! Great location, great equipment and passive income.
The last laundromat we listed had over 100 enquiries so be sure to have your cash or budget approved from your bank when you call Peter from Bundaberg Commercial on 0421 253 771 for a full business profile.
History
This laundromat was created and opened about 18 months ago so everything is still shiny with lots of continuing growth. The owners have continued to make the business robust with items like a new automated detergent dispenser system being recently added.
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