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*** SOLD ***
Leading Commercial DryCleaner
Listing: #13651
Dave Morgan
Broker | Wellington
This listing is no longer taking enquiries as it is SOLD
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About this Business for sale in Lower Hutt
Leading Commercial DryCleanerWellington’s most established dry cleaning business is currently for sale. This business would be the largest dry cleaning and laundry facility in the Wellington Region. The business hosts a comprehensive array of modern cleaning equipment which includes the latest, state of the art Italian technology. And in keeping with ‘state of the art’, the equipment is all environmentally friendly and meets both regional and local council requirements for environmental protection through waste-water discharge. Their environmental commitment extends to all of their plastic bags and garment coverings which are all biodegradable plastic. The business has a fully computerised clothing tagging and tracking system and garments can be tracked to their exact location, even when they are in transit from the factory shop to the clients location. Vehicles are fitted with GPS tracking technology and a vehicles exact location and estimated time of arrival to the customer can be provided with in seconds of the request. The business has two main locations around the Wellington Region with several other outlets for pick-up and delivery services in convenient locations. Each of these locations has a comprehensive list of regular clientele. This operator is a leader in their field because they work closely with local garment manufacturers and assist them with garment testing for fabric and construction stability. This allows them to offer their customers the best advice on how to look after their garments with the knowledge of what specific fabrics and garments can endure. They regularly clean bedspreads, duvets, floor mats, curtains, table clothes and a range of industrial garments and process filters. This business is fully managed and is showing a 19% return on asking price.
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This listing is no longer taking enquiries as it is SOLD
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.