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Well Established Commercial Laundrette Business For Sale

Scarborough, North Yorkshire, UK
Asking Price:
£149,995
Turnover:
£264,892
Net Profit:
Available on request

Business
Please quote reference B06089

Hilton Smythe is delighted to present to the market Viking Laundry, a very well established and profitable commercial laundry business trading since 2006.

The ‘Turn-key’ business opportunity is now being made for sale due to family commitments.

The business currently only undertakes work from its impressive list of 150 clients however we believe any new owner could easily increase the turnover by either increasing the current radius covered as well as undertaking some domestic work.

Our client takes work form the many hotels/guest houses within the area as well as popular choice of caravan parks (both of which are now enjoying an unprecedented increase in customer demand).

The fully equipped unit can undertake large loads of washing, drying and pressing of the thousands of sheets, bedding, towels required.

All work is collected and delivered on an agreed weekly scheduled route system with an integrated invoice system in place to ease the process of calculating accurate billing.

There are currently 3 leased vans covering each collection round.

Our client admits all work is simply referred, they currently undertake no advertising or keep up to date with any social media or website platforms.

We recommend any new owner could look to expand operations by increasing both staffing levels and increasing current trading hours.

Key selling points –

Low running costs
Zero busines rates
Loyal team in place
Opportunity to grow.
Handover period offered.
All equipment paid for
Secure trading unit

Very rarely do established laundry businesses of this standard and location come on to the open market and we therefore highly recommend early enquiries to avoid disappointment.

Location
Viking Laundry trades from a secure commercial unit on the Londesborough Business Park within the centre of Scarborough, North Yorkshire.

The business is ideally located to its impressive list of customers arranged both on the coast and further inland.

We are advised they cover a radius of between 25-30 miles.

The Business Park sits conveniently between the A64 and the A165 coastal link road (Filey Road).

There is available staff car parking on site.

Premises

Secure ground floor unit with front access only
Large open plan workspace
Staff room/toilet facilities
Storeroom
Separate 20ft and 28ft storage containers

The following equiptment is also included in the sale;

1 x Domus DHS27 27Kg High spin W/Machine
2 x Domus HPW1 10Kg High spin W/Machine
3 x IPSO HW131C High spin W/Machines
1 x IPSO HW164C High spin W/Machines
2 x IPSO WE95C Standard spin W/Machines
1 x IPSO WE73 Standard spin W/Machine
1 x Miele PT7136 plus T/Dryer (electric)
1 x DomusDTP36 36KG gas Tumble dryer
2 X ADC 75 Lb Gas T/Dryers
5 x ADC 50Lb Gas T/Dryers
1 x Domus 330/50 Gas return feeder ironer
1 x Electrolux IM3320 2.0m Gas Ironer
1 x Ipso DI 1800/4 1.8m Gas Ironer
1 x Silc Ironing Table S/AAR (electric)
2 x Andrews Gas fired Water boilers
2 x Portacabin Drying rooms
office furniture
Drystream touch screen invoicing system

Tenure
We are advised that the business is being sold on a Leasehold basis, with 6 months remaining on the 6 year lease. The rent is £800 per month, with £0 rates payable.

Hours
The busines hours are;

Monday – 9:00am to 6:00pm
Tuesday – 9:00am to 6:00pm
Wednesday – 9:00am to 6:00pm
Thursday – 9:00am to 6:00pm
Friday – 9:00am to 6:00pm
Saturday – 9:00am to 2:00pm
Sunday - Closed

Staff
We are advised that the business has 1 full time and 1 part time staff members.

Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £265,000, with an adjusted net profit in the region of £75,000. Full financials can be made available upon further request.

Please quote reference B06089

Property Information

Property:

Leasehold

Contact Hilton Smythe

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