Top-Ranked Bristol Laundrette Business Up for Sale
City of Bristol, Bristol
- Status
FOR SALE
- Date Submitted:
01/12/22
- Advert ID
504589
- Reference
B07117 / Rightbiz
- Call Agent:
- Leasehold: £106,950
- Turnover: £112,000 (£2,154 Per week)
- Net Profit: £30,000 (27% Profit margin)
Business Details
Highly Rated Laundrette Business In Bristol For Sale
BusinessPlease quote reference B07117
CoGoGo are delighted to welcome to the market Whites Launderette, a highly rated and well established Laundrette services business located in Bristol.
Whites Launderette was originally established by our client in 2010, and has built up an excellent reputation and very loyal client base during his time of ownership.
The business has now come to the market due to our clients desire to focus on a career change.
The business is a very modern and well-equipped launderette & dry-cleaning business.
We are advised 70% of the sales are derived from domestic work and 30% from commercial.
Services include -
- Self-service washing (includes 30min wash cycles, 3 sized machines, free wi-fi why you wait and the option to pay on the machines with card)
- Dry-cleaning
- Full-service washers
- Pressing service
- Household upholstery cleaning
- Duvet cleaning
- Recently refurbished to a very high standard in 2018 – included new electrics and gas fitting
- Newly installed equipment throughout including new shutters
- Washing machines all take card payment
- All dryers come with internal extinguisher systems
- Can be open without the need for staff
- Opportunity for further growth
- Excellent customer reviews
- Excellent business website and Facebook page
- No business rates
- Excellent busy location
- Turnkey opportunity
- All machines have servicing records
- Very desirable area
- Apps for opening and closing unit will all be transferred.
- All machines on timers
- Some spare coin mechs v7 also provided.
- Music license in place
- 2 x large dryers still have 1 year parts warranty left.
- Increase the commercial side of the business
- Add alterations
- Add collection & delivery service
Location
Whites Launderette is located on Church Road, in Bristol.
The business has eye catching signage and receives high levels of footfall and passing trade.
Premises
Whites Launderette occupies a double fronted premises on a busy main road, and is a prominent modern shop front with fully alarmed and CCTV systems. There is also staff parking to the rear of the unit.
Ground floor -
- Large self-service area
- Reception desk
- Dry cleaning area
- Storage areas
- Kitchen area
- Staff toilets
Tenure
We are advised the business is being sold on a Leasehold basis, with 8 years remaining on the 20 year lease. The rent is £16,500 per annum.
Hours
The current trading hours are -
Monday – 9:00am to 8.00pm (10.00pm in the summer)
Tuesday – 9:00am to 8.00pm (10.00pm in the summer)
Wednesday – 9:00am to 8.00pm (10.00pm in the summer)
Thursday – 9:00am to 8.00pm (10.00pm in the summer)
Friday – 9:00am to 8.00pm (10.00pm in the summer)
Saturday – 9:00am to 7:00pm (10.00pm in the summer)
Sunday – 10:00am to 4:00pm
Staff
We are advised that the business has 3 members of staff.
Financial Profile
Full financials can be made available upon further request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
Stay Safe
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
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
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.
Stay Safe
Send a test amount before you consider handing over a large amount 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.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Be safe, use a Rightbiz Solicitor
Get Solicitor
