Linen Services In Wadebridge For Sale

Business description

The particular highlights of the business are:
- Ideally located concern offering tremendous potential for expansion.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £55,000 pa with a net profit of £12,000 (See financial summary below).
-There is an extremely high demand for linen services in the area which is currently unexploited. The high density of holiday homes has created an enormous demand for this service.
- An easily run operation.
- Good loyal well trained seasonal staff.
- A good first time buyers business.
- Provides a cleaning and pressing service of linen to the second home holiday market.

History
Agents are delighted to place onto the market the Polzeath Linen Service which has been established since 2006. The business has been in the same hands of the owner since inception. She now wishes to sell due to ill health.

Services
This very good business opportunity provides a cleaning and pressing service of linen to the second home holiday market.

Staffing
The concern employs 2 seasonal staff and the wages are £3,500pa.

Owners Role
The owners’ role is hands on and she works 5 days a week.

Marketing
The owner only currently markets the business by word of mouth.

Competition
There is no local competition.

Market
The client base consists of regular and local clientele.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the services to include Housekeeping.
• Seeking out and establishing contracts with the many holiday parks in the area.
• With the introduction of a website.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.


The present turnover is £55,000 pa with a gross profit of £35,000 and a net profit of £12,000. The wages are £3,500pa. The present value of the stock is £200.
The potential turnover of the business within the next 2 years is forecast to reach £120,000pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.


Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Leasehold

Lease terms:

The lease is a rolling six month agreement. The rent is £8,600 pa with a review in 2012. The lease may be renewable or negotiable for longer term if required. The rates are £1,800p.a.

Leasehold rent:

£8600pa per annum

Location:

- Situated in Pityme area of Wadebridge in Cornwall.
- Prominent location on the Pityme Industrial Estate.
- Part of a parade of units.
- Excellent parking facilities
- Local population consists of many second home, holiday homes.

Premises details:

The property is terraced and is part of a parade of industrial units and is approximately 90ft x 120ft. There is plenty of scope for the addition of more equipment.

First Floor
On the first floor there are toilets and staff facilities.

External
To the front there is plenty of car parking.

Size in square feet:

90ft x 120ft

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the services to include Housekeeping.
• Seeking out and establishing contracts with the many holiday parks in the area.
• With the introduction of a website.

Competition / Market:

There is no local competition.

Reasons for selling:

She now wishes to sell due to ill health.

Trading hours:

Monday to Friday: 9.00am to 5.00pm

Employees:

The concern employs 2 seasonal staff and the wages are £3,500pa.

Years established:

5 years

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£2,000 (included in the asking price)

Inventory / Stock value:

£200