Superbly Presented And Newly Equipped Launderette In Bristol For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £100,000 pa with a net profit of £33,000 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a husband and wife team
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a launderette and dry cleaning service.

History
Agents are delighted to place onto the market this leasehold launderette which has been established since 2010. The business has been in the hands of the current owner since inception and he now wishes to sell due to relocation.

Services
This very good business opportunity provides a launderette and dry cleaning service.

Staffing
The concern employs no staff and is family run.

Owners Role
The owner is involved in the day to day running of the business.



Marketing
The owner markets the business via local residential leaflet drops and has a website.

Competition
There is no local competition.

Market
The client base consists of local residents with good volumes of passing trade.

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.
• Developing commercial contracts and a network of agents.
• Becoming more efficient with staffing levels.
• With an enhanced 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.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 21 years with 19.5 years remaining. The rent is £12,000 pa with a review in 2013. The lease may be renewable or negotiable for longer term if required. The rates are £5,000.

Leasehold rent:

£12,000 per annum

Location:

- Situated in the Redfield area of Bristol.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A420, A431 and the A420.
- Bristol City Centre, Clifton and Bath all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced, part of a parade of shops and is approximately 600 sq ft. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is tiled. It is very well presented and is very conveniently laid out.

To the rear is a store room and processing area. There is a toilet and staff facilities

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.
• Developing commercial contracts and a network of agents.
• Becoming more efficient with staffing levels.
• With an enhanced website.

Competition / Market:

There is no local competition

Reasons for selling:

Relocation

Trading hours:

Monday to Saturday: 08.00am – 8.00pm
Sunday: 10.00am – 4.00pm

Employees:

The concern employs no staff and is family run

Years established:

2010

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:

£1,000,000 (included in the asking price)