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Advert Details
Established & Busy Commercial Laundry In Penzance For Sale
Penzance, Cornwall, United Kingdom
Financials
Asking price: £189,000
Sales revenue: £120,000
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed
Business description
Family run commercial laundry serving the Land's End peninsular in West Cornwall. Established for nearly twenty years. Sale only because current owners wish to retire. Business throughout the year but much busier in the summer months. There is plenty of room for expansion for someone younger and with vision to go and get what is out there.
Years established: 18
Employees: 3 full time, 1 part time, driver
Trading hours: Monday to Friday, hours variable according to season.
Property: Leasehold
Lease terms
Several years left to run, Three yearly rent review.
Location
Long Rock Industrial Estate
Expansion potential
Plenty of room for expansion as there are many hotels, restaurants, guest houses and self catering that we have not contacted yet.
Competition / Market
Launderettes and one other small laundry serving St Ives
Support & training
Current staff are fully trained to our exacting standards.
Reasons for selling
Retirement
