This Business was established 30 years ago by the present owners. It was originally a coin-op but the majority of the business is now commercial, offering a day to day laundry service as well as linen hire. Current sectors include hospitality, workwear and hair & beauty.
There are many opportunities to further expand the commercial side of the business as there has been little focus on sales and marketing over recent years.
The current owners have, for some time, operated the business on a ‘hands off’ basis, relying on a strong Site Manager to run the operations day to day.
The Business is located on a corner plot in a well-populated area of the town and is a well known landmark for its local community.
The Business operates 6 days per week, providing wash/dry services, collection/delivery services (for trade only) and press/iron services (for trade and domestic customers). It has retained the loyalty of its customer base due to the high levels of quality and service provided.
The Site Manager is supported by a fully skilled and capable workforce of 7 laundry employees and a driver, many of whom have been with the Business for many years.
The Business is based in the Midlands and is well placed strategically with good proximity to major road networks.
The owners are available to provide consultancy support (on terms to be agreed), if required.
The Guide Price for the fixed assets, excluding the Freehold property, but including stock, know-how and goodwill is £275,000.
The Freehold property is also available (at a price to be agreed) should the buyers require it.
This business represents an excellent opportunity for a trade or private acquirer and is unusual being a ‘proper’, full-functioning business with lots of opportunity for growth but at a very competitive price.
Annual Sales: c. £350,000