Project Description

Ref: GAT2086

Gator Business Sales is pleased to be able to offer for sale this exceptionally well established full service launderette.

Nicely located in a busy and affluent suburb of Bournemouth.

The launderette provides coin-ops, service washes, an ironing service (currently sheets and shirts only), and operates a pick up and delivery service 4 mornings per week.

Ideal purchase for a hands-on individual or partnership looking to invest in and grow the business further by taking advantage of its circa 60 years trading in the same location.

Genuine retirement sale.

Property Details: Leasehold

Asking Price: £26,750 + SAV

Annual Turnover: £49,686

Trading Hours: Pre-Covid the launderette was staffed Monday, Tuesday, Thursday and Friday: 8.00am-4.00pm, Wednesday: 8.00am-1.00pm.  The business opens at the weekends via time locks for self-service only: 8.00am-3.00pm.

Employees: The owner plus 2 part-time staff.

Location: Adjacent busy main road and surrounded by complementary businesses.

Premises Details: Ground floor premises totaling approx. 79.6 sq m/856 sq ft.

Lease Terms: Current rent is £8,000 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 23 years of ownership.

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