LAUNDRY BUSINESS - NICOSIA
| Business Type: |
Laundry / Dry Cleaning
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| Location: |
, Nicosia, CYPRUS
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| Type of Tenure: |
Freehold |
| Business Reference: |
CY0121F |
| Asking Price: |
€ 600.000 |
| Annual Turnover |
€320.000 |
| Gross Profit Margin |
57% |
| Monthly Rent |
Negotiable |
| EBITDA Margin |
42% |
| Stocks (at cost) |
€10.000 approx |
| Reason for Sale |
Other businesses |
| Accounts Available |
2012 Mgmt A/C |
| Years Established |
30 |
| Incorporated Business |
Limited Company |
| Car Parking |
4 vehicles - private |
| Vendor Financing |
Negotiable |
| Full-time Employees |
2 |
| Part-time/Seasonal Employees |
2 |
| Internal Area |
378 sq.m. |
| Mezzanine Area |
180 sq.m. |
Description
- Well established, stable and profitable laundry business. All receivables collected in 30 days
- Well known brand name with excellent reputation
- Clients include hotels, restaurants, clinics, beauticians, catering companies
- Operating mostly in Nicosia area, but can easily serve other districts also
- Low personnel costs - working on flextime and paid only for hours worked
- Upstairs: Large office and Conference room, second office, computer room
- Also included in price 1 large delivery van (Mercedes) and 1 mini-van (back-up)
- Current policy is to maintain high prices and avoid long credit periods. Turnover can be increased with more competitive pricing or longer credit period. Also by expanding to other districts. One major competitor has closed down recently allowing the business to expand aggressively.
- Existing owners/managers are willing stay on and assist buyer for as long as needed. Their objective is to ensure the successful continuation of this business and hence to maintain their very good reputation in the market.
- Business owners also hold title to the property long-term leasehold, buyer has option to rent or buy premises. The premises are located in a light industry zone just outside Nicosia.
Value of long-term leasehold is estd €500.000 and owner is offering the property and business together at the price of €1.100.000. In addition, Bank financing of at least €350.000 is available via owners Bank.
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- The present business is offered for sale by DealMasters. Any information downloaded or printed is intended strictly for private use by you as a Registered User of our web-site; it may not be copied, published or distributed in any manner.
- You are advised that this is a confidential sale, therefore no direct approach to the business owners or business premises should be made and all viewings should be arranged through DealMasters.
- Prior to disclosure of the identity of the business and/or its owners, business financials and other operational details, interested parties will sign the standard Confidentiality Agreement, which can be downloaded here or sent to you by fax upon request.
- We do not perform any due diligence on businesses for sale, business owners, or the information provided by them. Such information is passed on by us without any guarantee or responsibility. Interested Buyers are strongly urged to perform thorough due diligence prior to acquiring a business
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