Well Established and Attractive Laundry Business Opportunity, on Isle of Skye

Portree, Scottish Highlands

Status

FOR SALE

Date Submitted:

08/06/21

Advert ID

277823

Reference

Skye Linen / Rightbiz
Freehold: £350,000
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
  • Outstanding laundry business opportunity trading in the ever-popular tourist centre of Portree, on the Isle of Skye.
  • Trading to a strong level with good adjusted profitability, plus definite business development opportunities.
  • With year-round trade, the business offers a wide range of services to mainly the commercial sector but also the domestic market.
  • Trading from a purpose-built facility extending to 162.80m2, with modern appliances and excellent trading spaces including staff facilities.
  • Located in a busy industrial area with customer / business parking.

DESCRIPTION
Skye Linen is a well-established business, trading since 2006 to provide a much-needed ‘Island-based’ service to businesses and private clients living and working on the Isle of Skye. The business meets a specific demand and the trading model is highly sustainable due to the high numbers of hospitality businesses operating on the Island and Skye’s popularity as being one of the holidaying hotspots in Scotland. The business is located in Portree Industrial Area and as such affords excellent accessibility and ease of drop-offs and delivery.

The property from which the business operates was purpose built to trade as a laundry service and therefore affords ease of operation. The internal aspects of the building extend to around 162.80m2. Within the building is a large office, a staff kitchen, W.C. and linen store. The building benefits from large roller doors which provide vehicular access. The unit is well-equipped with a range of washers, dryers and presses. The delivery aspects of the business are operated with a Renault Traffic Van (2017 – plate). The business is a true turn-key proposition for new owner / operators with the minimum of capital expenditure required. 

TRADE
Skye Linen provides a unique on-island service to clients across the Isle of Skye. Offering both a commercial and domestic service, the business has a strong reputation. The range of services on offer includes linen hire and laundry services. The operation hires out linen across a wide-range client base to include hotels, bed and breakfast and self-catering businesses. The current owners pride themselves on the quality of service provided and the range of products on offer. The business both collects and delivers linen from larger establishments utilising its own branded vehicle. The business also provides a full laundry service, including washing, drying and ironing, for a wide range of articles including linen, duvets/quilts, curtains and all hospitality related items with a target ‘turn-around’ of 48 hours for its services.

Skye Linen is unique to Skye and we understand that other laundry services provide a delivery service to the Isle of Skye but are based on the mainland. Skye Linen generates most of its trade through positive recommendations and its website (www.skyelinen.com). The business trades year-round with the following customer opening times; 

Late-March - September: 9a.m. to 4p.m. (Monday - Friday) plus open Saturday mornings for drop offs and deliveries.

October - Late March: 10a.m. to 3p.m. (Monday - Friday). 

BUSINESS DEVELOPMENT
The current business owners have not had to undertake any significant business development during their tenure and have not employed anyone in this role. They believe that new operators wishing to take on more trade, and adopting a more hands-on approach, would be able to displace some of the services being contracted to ‘off-island’ suppliers and increase business levels. With the reduced transportation costs, developing the business further should be an uncomplicated process. 

STAFF
The business operates with a team of up to 8 staff year-round with an on-site manager who controls the day to day business operation. Additional casual staff are employed at peak times in the summer months. 

POTENTIAL PURCHASERS
The current directors operate the business at arm’s length and therefore the trading aspects would greatly benefit from new owners taking on a more hands-on role. This would be an ideal acquisition for someone already within the industry looking to expand their operation into Skye or consolidate their market presence. Alternatively, entrepreneurs with a number of accommodation outlets on the Island would recognise the synergy of owning and operating the laundry in unison with their other activities.

REASON FOR SALE
The current owners purchased Skye Linen in 2018 and have operated it successfully in the intervening time. However, a change of business direction now brings this attractive unit and opportunity to the market.

LOCATION
The Isle of Skye, or in Scots Gaelic 'Eilean A Cheo' meaning Misty Isle, is located on the north western coast of Scotland and is a world-renowned holiday destination for a great number of reasons, appealing to a wide range of visitors. Portree is the cultural hub for Skye, and the largest settlement with a population of about 2500. During the main season (Easter to October) the town’s population swells many times over with the influx of tourists etc. The name of the town comes from the Gaelic Port-an-Righ, which translates as "King's Port" and dates to a visit by King James V, plus a fleet of warships, in 1540, to persuade the island clans to support him. Portree is a bustling port and a thriving cultural centre, and was also the place where Bonnie Prince Charlie spent his last days in Scotland. Among the attractions of Portree is the award winning Aros Centre which incorporates an exhibition capturing the drama of Skye's history. The centre is also the access point for walks in Portree Forest. Within the village of Portree there is primary and secondary schooling. There is an excellent range of social and welfare facilities both for residents and visitors. Portree has an abundance of interesting shops and is a must-see location for those visiting the Isle of Skye.

Skye’s rugged Cuillin Mountains are world renown to walkers and climbers. Visitors are drawn to the spectacular Trotternish Ridge to the north as this wild area is dominated by astonishing rock formations such as the Old Man of Storr, Kilt Rock and the truly extraordinary pinnacles of the Quaraing. Fishing, water sports and genealogy are constant attractions along with breath-taking scenery, castles, distilleries and a Highland welcome.  

THE PROPERTY  
The property is easily located and has excellent branding. Of modern steel frame construction, built in the 2006, the property is a substantial industrial unit under a pitched roof extending to around 162.80m2. Pedestrian access to the property is via a ramp leading to a vestibule and thereafter into a reception area with an office to the immediate left and a hatchway reception to the right. There is a large kitchen / staff area which has some additional washing and drying units. Internally, there is a W.C. and a linen store. The main industrial aspects are open plan with major equipment items (washers and dryers) to the left-side and rear wall. The central area is where the ironing machines are used. To the right-hand aspects is a roller door offering vehicular access for deliveries / collections etc. 

MAJOR EQUIPMENT
The business operates a delivery vehicle (Renault Traffic Van - HK17 TZZ) which is included in the sale. Within the main laundry area are 4 washers and 3 dryers. In addition, there are 5 ironing units. In the kitchen, there are a further 2 washing machines and a dryer. 

OWNERS’ ACCOMMODATION
There is no owner’s accommodation within this property.  

EXTERNAL
The site is set within a level area of grounds with ample parking on tarmac surfaces. There is disabled parking adjacent to the main building; which also has a ramp access. There is an oil-tank and 3 bulk LPG gas tanks within the grounds. The building has ample free ground surrounding the property.

SERVICES
The business benefits from mains electricity, water and drainage. Heating throughout is oil-fired. Bulk LPG gas is used for drying and iron machines.

Contact Agent
Advert Reference:
Skye Linen / Rightbiz
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