For Sale
Highly rated Laundry service business for sale
Bakewell, Derbyshire
- Asking Price: £189,950 +SAV
-
Turnover:
We are advised as per the 2023 accounts, the business generated a turnover in the region of £220,000. Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07718
CoGoGo are delighted to welcome to the market Bakewell Clean Sheet Laundry Ltd, a highly rated laundry business in Bakewell, Derbyshire.
The business was first established by our client in 2009, building up an excellent reputation and regular client base.
Bakewell Clean Sheet Laundry Ltd has now come to the open market due to our clients desire to retire.
90% of the business comprises of Small Hotels, Holiday Cottage Complexes, Outdoor Centres and Individual Holiday Cottages. The other 10% are Domestic customers. The business also has contract work with county councils.
They use high capacity machines for perfect results.
Bakewell Clean Sheet Laundry Ltd offer a range of services for businesses in the Bakewell, Hope Valley and High Peak areas. Industrial washers and driers. They also provide a professional dry cleaning service.
Our client owns all the equipment, consisting of -
- 6 Washing machines with a capacity of 50lbs per load
- 5 Dryers that's able to process the laundry
- Company Van
- 4 Commercial ironing tables and all other sundries required within the laundry.
Scope for further growth -
- Take on more business - Custom has been turned away for the last 18 months. The business receives inquiries weekly and a new buyer could expand the business triple fold.
- Room for more equipment for expansion
We are advised that the business has 6 members of staff.
The current trading hours are ( Mondays and Fridays are all day washing, Tuesdays until 11am and Wednesdays till 11am. Thursday and Saturdays are very little washing. Scope to process more work on a full daily basis) -
Monday to Wednesday - 8:00am - 5:00pm
Thursday - 8:00am - 12:00pm
Friday - 8:00am - 5:00pm
Saturday - 8:00am - 12:00pm
Sunday - Closed
Bakewell Clean Sheet Laundry Ltd is located in Bakewell, Derbyshire.
The premises consist of two mezzanine offices which aren't used. Our clients office is on the ground floor but has suggested that if moved upstairs, it will create substantial space to install more equipment to be able to process additional work.
As well as the two offices there is a platform area comprising of a commercial ironing board for a member of staff to iron clothing and air conditioned.
The premises is air conditioned, and CCTV is installed internally and externally.
Car parking for 3 vehicles and large car park for customer parking/dropping off and collecting.
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 15 year lease (8 years remaining as of 2023).
The rent is £3,308.25 per quarter and there are no business rates payable.
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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
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