£0 £1000000
£0 £1000000

Well-Established Launderette Business in Lydney, Gloucestershire For Sale

Lydney, Gloucestershire

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£159,950 +SAV

Ref: 2374

Freehold

Overview

Hilton Smythe is delighted to welcome to the market this well-established and busy launderette business, which is ideally located in the town of Lydney, Gloucestershire. The business was established in the 1950`s and has been in our client`s careful ownership for approximately 30 years. Only now is the business being offered to the market due to our client`s desire for a well-deserved retirement. The business operates 5½ days per week and generates a turnover in the region of £67,000 per annum, with a gross profit of approximately 90%. Our client offers a variety of laundry services including washing, drying and ironing services, as well as a collection and delivery service for sports clubs, hotels, guest houses etc. The business operates large washing machines and offers duvet cleaning and drying. The business has an excellent reputation within the area for the high quality services offered, which has resulted in a very loyal client base, with a vast amount of repeat trade and word of mouth referrals. The property benefits from a two bedroom flat to the first floor, which is currently rented out, generating further income of £410 per calendar month. We feel there is scope to increase the turnover by extending the opening hours of the business, perhaps by opening all day on Thursdays and Sundays. There is also scope to introduce dry cleaning services, new equipment for this service will need to be installed. A new owner could embark on a modest marketing campaign to promote the business further, as well as introducing a website to advertise the business. This is an excellent opportunity for a new owner to take this thriving business to the next level; therefore early viewing must come highly recommended.

Turnover
The business generates a turnover in the region of £67,000 per annum, with a gross profit of approximately 90%.

The business is owner run and managed with 6 x part time staff members.

The business is open: Monday – Wednesday: 9.00am – 5.00pmThursday: 9.00am – 1.00pmFriday – Saturday: 9.00am – 5.00pmSunday: Closed

Lydney Launderette occupies substantial double fronted premises, ideally located within the small town of Lydney in Gloucestershire. The businesses is located with a parade of complimentary shops and business on High Street, opposite a busy supermarket; therefore benefitting from a vast amount of footfall and passing trade. The business further benefits from free parking facilities within the immediate area. The property is located within a densely populated residential area from which the business derives much of its trade. Lydney is a town and civil parish in Gloucestershire and is located on the west bank of the River Severn, close to the Forest of Dean. As of the 2001 census, the town had a residential population of 8,960. Amenities within the area of the business include schools, a library, the town hall and recreation grounds. The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is approximately 1 mile away. The area is also well served by the A-road, with the A48 being within easy driving distance, which links to the vast A-road and motorway networks. Newport is approximately 27 miles away and Gloucester is 20½ miles away.

Large double fronted premises, ideally located in a prime trading location, briefly comprising: Ground floor: Main launderette/service area with: 8 x washing machines (makes include Primus, Electrolux and IPSO).3 x American Dryer Company extra-large dryers.1 x Warwick upright free standing clothes spinner.Wooden chair.Green upholstered low level bench seating.Staff cabinet with shelving.Laundry table.Nescafe branded hot drinks coin operated vending machine. To the left: Door leading through to secondary room (mainly used by staff members).2 x Warwick 30lb Rapid Dryers.1 x Warwick 50lb Rapid Dryer.Multiple free standing shelving units and tables.Grandimpianti free standing 1.2 metre roller rotary ironing machine.Miele Electronic HM21-140 1.4 metre roller rotary ironing machine (spare). To the rear of shop: Staff room with: Electrolux Wascamat 124 washing machine.Single bowl sink unit and under cupboards with sliding door.Electronic cash register.Table and storage areas.Boiler. Staff WC.2 x further storage areas. First floor: 2 x bedroom flat (currently rented out). External: Full length sign above entrance.

Tenure
We are advised Freehold.

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