Ad ID: 95731

Commercial Laundry Business for Sale Regional South Island

Near-New P&E - Market Dominance - Regional NZ

plus stock & plant

Business for Sale Description

Commercial Laundry Business for Sale Regional South Island

This business is located in a “lifestyle” region which is very much on the tourist trail – more so domestic than international. Whilst it may take a few months, or even a year or so, for the business to return to what it was, post-lockdown trading is very encouraging. This is reinforced by strong signals that domestic travel will be a focus for Kiwis in the coming spring/summer! Key business attributes are:

• High value of near new assets ($600k+ book value; circa $950k estimated market value – but set at $700k for the purposes of the business sale)

• Low goodwill value ($195k)

• Market dominance within its territory

• Rental business model (of linen & towels etc.) ensures “sticky” clients

• Organic & strategic growth options

• Suit family seeking the traditional Kiwi lifestyle (hunting; fishing; boating; biking etc.); or

• Bolt on to an existing industry player to provide market dominance within this region

• Five days per week

• Multi-site

Reason For Sale

Originally purchased by the current owner as a “semi-retirement” project, he has been a victim of his own success as the business has nearly trebled client numbers, and more than doubled its revenue. Our vendor wants to slow down, and whilst acknowledging that the timing is not optimal, the business has treated them well, so they are prepared to accept only a modest goodwill component to leverage a realistic sale price.

Business Resources

Commercial Laundry Business Model

These are traditionally capital intensive businesses, which produce consistent and regular income from clients who rely on the laundry for supply of their linen assets and servicing of same. Regular runs from several sites to key towns ensure optimal client service, and consistent income from more than 100 accommodation providers within their region.

This business has firmly established a strong foundation for success, and will flourish in years to come.

Sale Price $195,000 plus stock & plant

EBPITD 2019FY $205,862

2020FY $153,486

Interested In This Opportunity?

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Tabak Business Sales (Christchurch)
For more info
Contact: Damien Fahey

Damien Fahey

Damien Fahey
0276 853 536
Tabak Business Sales (Christchurch)
Licensed REAA 2008
Broker Ref: 130720

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