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Well Established Launderette For Sale

Newton Abbot, Devon, UK
Asking Price:
£295,000
Turnover:
£69,698
Net Profit:
Available on request

Business
Please quote reference B06610

*Asset sale all brand new equipment with value around £350,000*

Hilton Smythe is delighted to welcome to the Town and Country Laundry. The business was originally established 25 years agao and has been a great success in this location. Our client is now looking to sell the business due to retirement from the industry.

The business provides an exceptional laundry service as well as domestic ironing and dry cleaning. Services include collection and delivery throughout Newton Abbot, areas with quick turnaround times. The business also has a horse rug service which involves wash and reproof and repair horse rugs this is very lucrative to the business.

Our client currently offers a 48-hour service in Newton Abbot, Torquay, Paignton, Exeter, Cullompton and Tiverton.
Our clients have run this business successfully however, we feel the new owner could increase turnover further.

The business has a great reputation within the industry and would make an ideal bolt on to an already existing operation looking to command further market share within this sector with the current owner offering to accommodate an extended handover with full training.

The business has a dedicated website up and running and would be sold with the business. The business also benefits from free parking outside the property.

The business is virtually self-sustaining, and we feel with the right buyer this business could achieve more.

The following is included in the sale:
2 x Electrolux 40 kilo machines model T5300H
2 x Electrolux 80 kilo machines model T5550
1 x Electrolux 60 kilo Lagoon machine for doing Wet cleaning
1 x Primus 60kilo used for horse rug dog bedding only

DRYERS-

2 x Electrolux 40 kilo machine T5300s
2 x Electrolux 80 kilo machine T555S
1 x Electrolux Lagoon dryer for doing Wet cleaning also set up for general drying model T5350
-Pony ironing table steams
-Hot air blower
-Spotting table with compressor and jetting system for removal of stairs on garments before cleaning.
-12-month-old delivery van livered up with town and country signage large separate washing machine (used for horse rugs and pet bedding only)

Very rarely do such well-established businesses come to the open market on a leasehold basis therefore, early viewings must come highly recommended to avoid disappointment.

Location
Town and Country Laundry from a secure shop on Buckland Rd, Newton Abbot.

The business is ideally located to its impressive list of customers arranged both within Newton abbot and surrounding areas.

The business benefits from being within walking distance of the town centre.

Premises
Town and Country Laundry located in a perfectly situated shop.

With washing machines down one side of the shop all dryers down the opposite side.

Folding area, kitchen, and toilet with hand basin at rear of shop- rear door leading to covered area and side of shop.

Stairs to first floor storage and gas water boiler non slip flooring on ground floor fire alarm

The layout has been carefully designed to utilise the facility and comprises each section of the business, with all new equipment valued in the region of £350,000.

Tenure
We are advised the business is being sold on a Leasehold basis with 4 years remaining on the current Lease, the rent is £450 per month.

The landlord is happy to negotiate a new Lease with a new buyer.

Hours
The business trading hours are as followed:
Monday & Tuesday - 09:00am - 11:00am

Wednesday - Closed

Thursday & Friday - 09:00am - 11:00am

Saturday & Sunday - Closed

Staff
The business is run and managed by our clients.

Financial Profile
We are advised the business generated a turnover of circa £70,000 as of 2020, further financial information can be made available upon request.

Please quote reference B06610

Property Information

Property:

Leasehold

Contact Hilton Smythe

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