Well established Laundry services business for sale
- Asking Price: £124,995 +SAV
We are advised as per the 2019 accounts, the business generated a turnover in the region of £205,000, with an adjusted net profit in the region of £31,000. Full financials can be made available upon further request.
Please quote reference B06307
- Tenure: Leasehold
Please quote reference B06307
Hilton Smythe is delighted to welcome to the market on a leasehold basis a very well established laundry business.
The popular business has been under our clients’ careful and meticulous ownership since 2013, Only now is the business being offered to the market due to our client’s desire for a well-deserved retirement.
The sale of the business includes the following -
- Industrial iron.
- 8 x commercial dryers.
- 10 x washing machines (in total)
- Industrial folder.
- Packing machine.
- Ironing table.
- Water boiler.
- 6 x heavy duty storage racking.
- Other general laundry equipment
We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering weekend opening hours with a new owner embarking on a modest marketing campaign to highlight the excellent services offered. The business already has an informative website in place to promote the business that could be further promoted along with the use of social media platforms to help increase the turnover for the business.
Very rarely do such well-established, popular businesses come to the open market on a leasehold basis, therefore early viewings must come highly recommended to avoid disappointment.
We are advised that the business has 9 full-time and 1 part-time members of staff.
The business hours are -
Monday - 08:00 – 16:30
Tuesday - 08:00 – 16:30
Wednesday - 08:00 – 16:30
Thursday - 08:00 – 16:30
Friday - 08:00 – 16:30
Saturday - Closed
Sunday - Closed
The business occupies substantial industrial premises, ideally located within North Yorkshire. The business is surrounded by a mix of both commercial and residential properties, from which the business derives much trade. The business benefits from a high volume of footfall and passing trade, as well as excellent off-street parking facilities to the front of the premises.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the premises. The local railway station is less than 10 minutes’ walk away.
Substantial industrial premises, in an ideal trading location, briefly comprising:
The main entrance leads into a small reception area with access to the office. A corridor leads to the main laundry and provides access to the office.
Access to the laundry externally is via a large roller shutter, allowing company vehicles easy access to the work area.
The laundry is a large industrial unit, fitted out to a very high standard. There is a separate workshop to one side for repairs and maintenance. Please note, the lathe and electrical tools in the workshop are not included within the sale.
The premises further benefit from ladies and gents’ WCs and kitchen facilities.
We are advised that the business is being sold on a Leasehold basis, with 2 years remaining on the 5 year lease. The rent is £800 per month.