Laundry & Linen Hire Business Located in the South West. Highly Profitable.
Veritas Business Sales are delighted to offer for sale this established laundry & linen hire business, which is located in the south-west of England. The business has been established for over 13 years and has been in the careful hands of the current owners for the past 5 years and is now being offered for sale so that they can enjoy a well deserved retirement.
Since ownership, there has been continual investment in state-of-the-art plant & machinery, along with fixtures & fittings, which are bought and paid for and are included within the sale price, which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Some items of equipment remain on lease. The business is owner-operated and employs the help of 7 full-time staff members and a number of seasonal staff members, depending on the time of year. The annual turnover is circa £500,000 net of VAT, producing an extremely high net profit. The business services a variety of commercial clients and property owners who provide holiday homes to the many visiting tourists throughout the year. They use eco-lab environmentally friendly cleaning products and only the best Egyptian cotton linen.
We believe that there is huge potential to increase trade, should you wish, by expanding further afield within the local area. The business enjoys a strong reputation within the local community and beyond and, as such, has a high level of regular and repeat business, along with many visiting tourists. This is a superb opportunity to purchase an established concern, which is a great base to build upon, and as such, early viewing is highly recommended as this gem is not to be missed.
