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Commercial And Domestic Laundry In Leamington Spa For Sale

Leamington Spa, Warwickshire
Asking Price:
£100,000 Furniture / Fixtures included
Turnover:
£140,000
Net Profit:
Available on request

An established and profitable laundry and linen hire business situated on a small industrial estate in Leamington Spa. The business services hotels, caterers, wedding and corporate venues and domestic customers across Warwickshire, with plenty of scope for further expansion.

An easily run business which should earn around £70,000 a year profit for a working couple/partnership who would reduce the current wage bill.

If interested please contact the seller through the form on this page.

Property information

Property:

Leasehold

Lease Terms:

Leasehold a new 9 year lease, subject to 3-yearly rent reviews.

Leasehold Rent:

£6,900 per annum

Location:

Situated in a small industrial estate in the centre of Leamington Spa

Premises Details:

Double Unit with parking spaces for three to four vehicles, high metal roller shutters and a separate entrance door to the laundry.

Fixtures, fittings and equipment include: Three Girbau ( 2 x HS6017 & 1 x HS6023) washing machine, two Girbau (PS3215 & PB3221), Water Softener, Manual L-Sealer Bagging Machine; loads of racking and shelving, laundry buckets & trolleys.
Mezzanine Floor with professional steam iron incl vacuum table.
Office space including office furniture, storage room and two toilets.

Business Operation

Expansion Potential:

Significant, business currently only operates Monday to Friday and turnover has been increasing every year for the past nine years.
No active marketing strategy for the past three years, main source of new business is through recommendations and own website.

Reasons for selling:

Family and other business commitments.

Trading hours:

Monday - Friday business working hours

Employees:
Laundry Manager (2 x FT), Laundry Assistants (1 x FT, 4 x PT), Driver (1 x PT)
Years established:
Business has been established over 20 years, been with current owner since 2009.

Other Information

Support & training:

Full support and training provided.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Relocatable:
This business can be relocated.

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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