West Midlands Laundrette & Dry Cleaners Established 1979 For Sale

Business description

Advent Business Sales are pleased to offer to the market this extremely well established laundrette, which has been trading successfully for the past 30 years.

The owner is reluctantly selling due to retirement plans.

The customer base is local and up to a 5 mile radius. The business has set itself up to major in service washes as well as in pressing. Pressing is also offered to its clients as a separate service and appears to be booming.

The business also offers dry cleaning and finishing. At the moment the dry cleaning machine is located at a second shop but the owner informs us that this could be moved at a cost of £400 - £500 to this site and has shown us the position it could occupy. The dry cleaning equipment is included in the price.

The business is an ideal stand alone business and does earn the owner a good living and is affordable. Alternatively, it would be an ideal self contained unit for any small chain of laundrettes looking to expand into other areas.
REF: 9190W

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 6 year rolling
Remaining lease:
Review every: 5 years
Rent: £180 per week

We are advised that the annual business rates are currently: £720

Location:

Our client’s successful laundrette is conveniently sited in the middle of a mixed estate, a short distance off a main in a main local shopping square. It is close to a convenience store, ladies hairdresser and community pub.

Car parking is excellent, which is ideal for customers for dropping off and collecting services washes.

The area itself is a short distance from a major town centre in the West Midlands and is very close to the ‘Black Country Way’ which links in to the M6 motorway.

Premises details:

BUSINESS PREMISES:
The business occupies 2 single fronted shops made into 1 and is ground floor only and briefly consists of:

Ground Floor
• Doorway to centre and leads directly into the wash machine area, which has 8 x 16lb load washing machines, seating is provided
• Small industrial spin dryer
• To right is a bank of 9 tumble driers, which will take 30lb loads
• Separate area with hanging rails for dry cleaned garments and ironing ready for collection
• Belt driven iron
• Back room which contains a Hoffman press and self contained steam table with iron and own boiler unit
• Rear door
• Water boiler room – gas fired
• Staff w/c

Other information

Trading hours:

Mon-Fri: 10.00am – 7.00pm
Sat: 9.00am – 4.00pm

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