Leasehold Launderette/Shoe Repairs/Key Cutting For Sale

Business description

Bag a Business is pleased to offer to the market this thriving launderette business, which was established in the 1970s. The business has been under the proud ownership of our client since 1990 and is only now being offered to the market due to his wish to retire. The launderette has 4 washing machines and 4 tumble driers and is run by our client with help from his son. It achieves a turnover of approximately £47,000 per annum with a gross profit of over £35,000. This is derived from a mix of service washes and on site shoe repairs and key cutting. An off site dry cleaning service is also offered. The business draws its trade from the densely populated surrounding area, as well as from holiday makers who flock to Bournemouth, a popular resort attracting visitors all year round. This is further enhanced by a spacious, self contained one bedroom flat which has its own private entrance. We see this opportunity as an ideal base for a new owner to build upon, perhaps by offering a delivery and collection service, which would be extremely popular on the numerous holiday camps that are nearby. Early viewing is strongly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 21 years
Remaining length: 3 years
Review every: 3 years
Rent: £10,200 per annum

Living accommodation:

PROPERTY DETAILS Well presented, two storey corner site, briefly comprising: GROUND FLOOR Main sales area with: 4 washing machines 4 driers Separate reception area Drying room with garment racking to walls Key cutting room with cutting machinery Shoe repairing room with an array of equipment FIRST FLOOR Lounge Double bedroom Kitchen Bathroom W/C EXTERNAL Partially covered rear yard

Location:

Lamberts Services is situated on a prominent, corner trading position on a busy main street in Dorset. It is surrounded by a wealth of shops and businesses. There is ample free on-street parking directly outside. Bournemouth has something for every one and is famed for its 7 mile stretch of coastline, which contains award-winning Blue Flag beaches. The town has a population of 163,444 and is a regional centre of education and business. The area is well served by public transport with ample local bus services. Bournemouth also has full fast train services, with London only 90 minutes' away. Local roads connect with the Wessex Way and onto the A35, just north of the town, which in turn links with the A31, the M27, the M3 and beyond.

Other information

Trading hours:

Mon - Fri: 8.30am - 6.00pm Sat: 9.00am - 3.00pm