Gator Business Sales are delighted to be able to offer for sale this exceptionally well established launderette that has been profitably operated by our client since 1993.
Currently offering coin-ops and service washes, but with the potential to easily add complementary services such as collection and delivery, ironing, dry cleaning agency, etc.
Well located for its target market in a high density residential area.
Equipped with 7 washers (including 2 large capacity machines) and 6 dryers.
Ideal purchase for a hands-on individual or partnership looking to invest in and grow the business further by taking advantage of the circa 50 years of trading in the same location.
Property Details: Leasehold
Asking Price: £59,950
Annual Turnover: £83,000
Trading Hours: Monday-Friday: 9.00am-5.00pm, Saturday: 9.00am-6.00pm, Sunday: closed. The launderette is staffed at all times and currently does not utilise time locks.
Employees: There are two part-time employees who have been with the business for many years.
Location: Ideally located in a small parade of complementary businesses.
Premises Details: Ground floor premises totaling approx. 62.34 sq m/671 sq ft.
Lease Terms: Current 15 year lease runs through until 31 August 2025. Passing rent is £10,250 per annum, payable quarterly in advance. We are informed by our client that the lease is renewable under the provisions of the 1954 Landlord & Tenant Act.
Reason for Sale: This is a genuine retirement sale after more than 30 years of profitable ownership.
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