For Sale
Highly Rated Laundrette Business In Bristol For Sale
Bristol, City of Bristol
- Asking Price: £106,950 +SAV
-
Turnover:
Full financials can be made available upon further request.
- Tenure: Leasehold
Please quote reference B07117
Hilton Smythe are delighted to welcome to the market Whites Launderette, a highly rated and well established Laundrette services business located in Bristol.
Whites Launderette was originally established by our client in 2010, and has built up an excellent reputation and very loyal client base during his time of ownership.
The business has now come to the market due to our clients desire to focus on a career change.
The business is a very modern and well-equipped launderette & dry-cleaning business.
We are advised 70% of the sales are derived from domestic work and 30% from commercial.
Services include -
- Self-service washing (includes 30min wash cycles, 3 sized machines, free wi-fi why you wait and the option to pay on the machines with card)
- Dry-cleaning
- Full-service washers
- Pressing service
- Household upholstery cleaning
- Duvet cleaning
- Recently refurbished to a very high standard in 2018 – included new electrics and gas fitting
- Newly installed equipment throughout including new shutters
- Washing machines all take card payment
- All dryers come with internal extinguisher systems
- Can be open without the need for staff
- Opportunity for further growth
- Excellent customer reviews
- Excellent business website and Facebook page
- No business rates
- Excellent busy location
- Turnkey opportunity
- All machines have servicing records
- Very desirable area
- Apps for opening and closing unit will all be transferred.
- All machines on timers
- Some spare coin mechs v7 also provided.
- Music license in place
- 2 x large dryers still have 1 year parts warranty left.
- Increase the commercial side of the business
- Add alterations
- Add collection & delivery service
We are advised that the business has 3 members of staff.
The current trading hours are -
Monday – 9:00am to 8.00pm (10.00pm in the summer)
Tuesday – 9:00am to 8.00pm (10.00pm in the summer)
Wednesday – 9:00am to 8.00pm (10.00pm in the summer)
Thursday – 9:00am to 8.00pm (10.00pm in the summer)
Friday – 9:00am to 8.00pm (10.00pm in the summer)
Saturday – 9:00am to 7:00pm (10.00pm in the summer)
Sunday – 10:00am to 4:00pm
Whites Launderette is located on Church Road, in Bristol.
The business has eye catching signage and receives high levels of footfall and passing trade.
Whites Launderette occupies a double fronted premises on a busy main road, and is a prominent modern shop front with fully alarmed and CCTV systems. There is also staff parking to the rear of the unit.
Ground floor -
- Large self-service area
- Reception desk
- Dry cleaning area
- Storage areas
- Kitchen area
- Staff toilets
Tenure
We are advised the business is being sold on a Leasehold basis, with 8 years remaining on the 20 year lease. The rent is £16,500 per annum.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
