Busy Launderette & Family Home in Teignmouth Devon - High Profile Seaside Town Location
Teignmouth, Devon
- Status
FOR SALE
- Date Submitted:
22/12/22
- Advert ID
505583
- Reference
Q35575N / Rightbiz
- Call Agent:
- Leasehold: £69,995
- Turnover: £61,130 (£1,176 Per week)
- Net Profit: Not Applicable
Business Details
LAUNDERETTE
Busy LAUNDERETTE with FAMILY HOME, popular SOUTH DEVON seaside town, situated in the coastal town of TEIGNMOUTH, host to good size resident population, attracting visitors and holidaymakers. Enjoying high profile trading position, fronting busy thoroughfare leading to nearby town centre, port, railway station and seafront, benefiting from free on street car parking immediately in front, surrounded by popular residential areas with holiday accommodation also close by from which trade is also received.
Deceptively spacious premises, provides ground floor customer washing (8 machines) & drying (6 machines) areas, service counter, cloakroom, duvet store, ironing room, and main storeroom. Large self-contained flat above, offers kitchen, sitting/dining room, 3 double bedrooms, bathroom, and large landing area, benefiting from recently installed central heating and double glazing, and 2 car parking spaces. Benefiting from favourable overheads, rent only £200 per week for both shop and flat, also receiving 100% business rate relief.
Well known established popular business, offering self-service and service washes, along with a collection service for the surrounding area, enjoying regular trade from local resident population in addition to some commercial trade comprising local Bed & Breakfast establishments. Income 2023 £61,130, Gross Profit £59,292, huge demand for service washes which could be increased substantially to boost income, along with increased opening hours for self-service, currently closing 6.00pm 4 days a week and 8.00pm other days.
Leasehold £69,995 sav Ref: Q35575N
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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