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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

Photograph of this business for sale
 

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


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