- Business ID:2789
- Price: £194,950 +SAV
- Annual Turnover: £49,400
- Business Category: Dry Cleaners & Launderettes
- Location: Merseyside
- Tenure: Freehold
- Living Accommodation: Yes
- EPC Rating: Awaiting Cert
Sovereign Business Transfer are pleased to have been given the opportunity to manage the sale of this well-established freehold launderette with self-contained first floor living accommodation, which is currently tenanted. This is a superb opportunity to take on a popular & very busy local business in an area primed with customers.
The business is now only being sold, due to our clients wish to take a well-earned retirement. The vendors are keen to see their beloved launderette pass to an ambitious and entrepreneurial new owner who can take this time served business to the next level.
The launderette is situated on a busy parade with ample and free on-street parking along with a variety of independent retail outlets and subsequently benefits from high footfall and regular and repeat local trade.
Whilst a loyal customer base has been developed there is considerable scope to extend the business via local advertising and the addition of other services eg; Dry Cleaning, Collecting & Receiving Laundry Services and an Ironing Service.
The premises are in excellent condition and are well maintained throughout.
The self-contained flat on the first floor is currently tenanted generating a second rental income. The annual rental income is currently £5,400.
We are advised the property is freehold, however there is a leasehold option available for £32,500 +Sav with a brand new 6 year lease with an annual rent of £10,000. Rent reviews every 3 years.
This outstanding freehold business offers a new owner the opportunity to expand upon the existing success. It would potentially be an ideal acquisition for a family operation or bolt-on to an existing operator. Viewing comes highly recommended to avoid disappointment.
- Business ID:2789
- Weekly Sales Circa £950 | Accounts Available
- Strong & Consistent Levels Of Profitability & Turnover
- Comprehensive Range Of Commercial Laundering Equipment
- Vast Scope To Increase Turnover Via Targeted Marketing Campaign
- Situated Busy Parade Of Shops
- Freehold Leasehold Option Available.
- Deceptively Spacious Ground Floor Retail Area With S/c Living Accommodation
- Genuine Retirement Sale
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