Laundrette & Dry Cleaning - Est 1997 For Sale

Business description

Advent Business Sales are pleased to have been instructed to offer to the market this extremely well established laundrette and ironing business.

Established in 1997 and in the hands of the vendor for almost 2 years, it is only now being reluctantly offered for sale due to family breakdown.

The premises are bright and airy with well maintained washers and dryers.

The business offers a full service wash facility and will also iron if required. In addition, they offer dry cleaning, which is carried out locally on an agreed split basis.

The laundrette also benefits from an ongoing contract from a nearby government establishment, which virtually guarantees sales of approximately £100 per week.

A turnover of approximately £800 per week is generated with excellent gross profits.

We are advised that stock at cost is only approximately £100. The equipment includes:
• 2 x 2 stack dryers
• 1 large dryer
• 1 x 16kg washer with high speed spin
• 2 x 7kg washers
• 1 x silc iron and board with auto steamer
• High efficiency gas boiler
• Dryer heat extraction system
• Racking for storage
• Fridge
REF: 8992B

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 6 years
Remaining lease: 4 years
Review every: 3 years
Rent: £6,000 P.A.

We are advised that the annual business rates are currently: £4,800

Living accommodation:

Ground floor lock up premises of a converted terrace house with laminate flooring and briefly comprising of: Ground Floor • Access from pavement with side door entry into the shop • Counter and till in the bay window • Side racking and rails for holding garments awaiting collection • Rear of laundrette with washers, dryers and silc ironing board with auto steamer • Rear storeroom with boiler and

Location:

The business is ideally located in the heart of an affluent residential area in the West Midlands. It is situated only approximately 200 yards from a main line railway station, which is ideal for customers dropping the laundry off in the mornings and picking it up on the way home.

Other nearby businesses includes a Co-Op, florists, bridal shop, fitness centre, green grocers and a carpet shop. Parking is free of charge on street directly by the premises.

The M5 and M42 motorways links to the towns of Droitwich, Bromsgrove and Redditch.

Other information

Expansion potential:

Whilst the business is successful, the premises could be utilised further by having a key cutting facility, as there is none locally.

They could also take in shoe repairs to be carried out elsewhere.

A delivery and collection service could also prove popular.

A working owner would also save on wages costs.

Trading hours:

Mon-Fri: 7am – 5pm, Sat: 9am – 1pm

Financing available:

Please let us know if you require finance for the purchase of a business.

Related documents:

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