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Profitable And Established Laundry In Worcester For Sale

Worcester, Worcestershire, UK
Asking Price:
£200K - £500K Furniture / Fixtures and Inventory / Stock included
Turnover:
£100K - £200K
Net Profit:
£50K - £100K

Ace Linen has been established in Worcester for over 22 years, and blossomed into a very busy laundry. We have over the counter customers, who regulatory bring in their duvets, wash and dry, dry cleaning and ironing etc We also have a very successful and lucrative linen hire service. We supply hotels, restaurant, colleges as well as private households and offer a daily pick up and delivery service to these establishments.

We are located in a very busy built up residential area (WR3), with a Post Office, Fish and Chip Shop, Hair Dressers and other local amenities next door and across the road. We have free customer parking directly outside our premises which is part of the tenancy.

All machinery is owned and fully paid for by the business and is included in the price of the sale. This includes, but is not limited to:

6 Industrial washing machines, 5 driers, 2 ironers and a branded delivery van. All hotel and restaurant linen is included.

Our turnover is on average £170k + PA. No rates are charged on the business premises as these fall under the rate-able rent value in the area.

Property Information

Property:

Leasehold

Leasehold Rent:

£11,500 per annum

Living Accommodation:

1 Bedroom flat located above premises. This is currently included in the rent.

Location:

Located in a popular residential area on busy main road, a major arterial route into Worcester from the M5 motorway Junction 6.

Premises Details:

Ground floor trading premises with counter and parking.

Business Operation

Trading hours:

Mon - Saturday 9am - 5pm

Employees:
4
Years established:
22

Other Information

Support & training:

Would be happy train during a handover period.

Furniture / Fixtures value:
£40,000 - included in the asking price
Inventory / Stock value:
£100,000 - included in the asking price