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 €---.--- and owner is offering the property and business together at the price of €-.---.---. In addition, Bank financing of at least €---.--- is available via owners Bank.