Ref: GAT2142
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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