Ref: GAT2129

Gator Business Sales are pleased to be able to offer for sale this well located launderette in West Hampshire.

Established as a launderette in 1992, the business has been operated by the current owner since 2010.

Equipped with 5 dryers and 6 washers.

Gently traded by choice of the vendor ensuring lots of immediate growth opportunities for the new owner.

The acquisition would be ideally suited to an individual or partnership looking to work hands-on in the business to further maximise turnover and potential.

Property Details: Leasehold

Asking Price: £20,000

Annual Turnover: £32,463

Trading Hours: The current owner has chosen not to operate on time locks and the launderette is always attended during opening hours.  They are Monday, Wednesday-Saturday: 9.00am-4.00pm, Sunday: 9.00am-2.00pm.  The business is closed on Tuesdays.

Employees: The vendor is assisted by two part-time staff who each work on average 10 hours per week.

Location: Ideally located for this type of business in a busy community shopping area, with plentiful free parking directly outside and adjacent.

Premises Details: Ground floor premises totaling approx. 33.1 sq m/355 sq ft.

Lease Terms: The landlord is aware that the business is for sale.  They have indicated that, subject to the usual referencing procedure, they would be prepared to offer a new lease to the buyer with an incoming rent of £8,600 per annum + VAT.  A 3 month rent bond would also be required.

Reason for Sale: This is a genuine retirement sale.

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