Sovereign Business Transfer is delighted to bring to the market this well-established leasehold Laundrette. This laundrette has been under the careful ownership of our client since 1991. The business is now only being sold, due to our clients wish to take a well-earned retirement.
The laundrette is located on a busy street with ample and free on street parking with a variety of independent retail outlets and subsequently benefits from regular and repeat local trade.
Very rarely does such a well-established laundrette come onto the open market.
This neat well maintained laundrette is open seven days a week. Expansion of the business could be achieved through social media and offering a delivery service and canvas local hotels, pubs and restaurants to becoming their preferred supplier. The business is fully secured with electric shutters and fully equipped with the following 1x 50lbs Electrolux dryer, 6x 30lbs Electrolux dryers, 3x 25lbs IPSO machines, 1x 40lbs IPSO machine and 6x 16lbs IPSO machines. The vendors own the property and will grant a new lease (subject to contract) at an initial rent of £12,000 per year.
This well-known community business offers a new owner a Stella opportunity to expand upon the existing success. It would potentially be an ideal acquisition for a family operation or bolt-on to an existing operator. Viewing comes highly recommended to avoid disappointment.
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