Project Description

Ref: GAT2104

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

Established and profitably trading under the same family ownership since 2001, the launderette offers coin-ops, service washes, a duvet service, and also acts as a dry cleaning agency.

Well equipped throughout with 7 washers, 8 dryers, and accompanying infrastructure.

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

Predominantly a cash business providing excellent cash flow.

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.

PLEASE NOTE: THE VENDOR HAS REQUESTED THAT NO DIRECT APPROACH SHOULD BE MADE TO THEM, AND ALL REQUESTS FOR INFORMATION NEED TO BE MADE VIA GATOR BUSINESS SALES.

Property Details: Leasehold

Asking Price: £29,950

Annual Turnover: £60,000

Trading Hours: Monday-Saturday: 9.00am-5.00pm, Sunday: 10.00am-4.00pm.

Employees: The owner plus two experienced part-time staff.

Location: The business benefits from a great location for a launderette in a busy residential area, with free parking directly outside and adjacent.

Premises Details: Well maintained ground floor premises totaling approx. 74.1 sq m/796 sq ft.

Lease Terms: The most recent 10 year lease was granted in 2017.  We are informed that a new lease will be available to the purchasers, subject to usual referencing.  Incoming rent will be £13,000 per annum, payable quarterly in advance.  The landlord will require a 3 month rent bond.

Reason for Sale: Retirement.

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