Top Laundry Service Business in Barry for Sale - Great Reputation & Expansion Potential
Barry, Vale of Glamorgan
- Status
FOR SALE
- Advert ID
515725
- Reference
B07403 / Rightbiz
- Call Agent:
- Freehold: £285,000
- Turnover: £66,769 (£1,284 per week)
- Profit: £9,212 (14% Profit margin)
Business Details
Established Laundry Business for Sale – Loyal Customers & Steady Income
BusinessPlease quote reference B07403
CoGoGo are delighted to welcome to the market The Laundry Rooms, a highly rated laundry service business in Barry, Vale of Glamorgan. The business is rated 5 stars on Google.
The business was originally established over 40 years ago, with our client taking over in 2018. The business is extremely popular within the local area, building up an excellent reputation and regular customer base.
The Laundry Rooms has now come to the open market due to our clients desire to move on.
The Laundry Rooms is a professional local business that specialises in laundry, dry cleaning and ironing services. As the business is the only one in the local area that offers dry cleaning on site, there is a huge market for this. The business also offers a free collection & delivery service within the local area of Barry.
The business currently offers delivery rounds twice per week which could be expanded hugely to further increase profits.
The business also benefitted from computerised till systems which where incorporated in 2022.
Key selling points -
- Great reputation
- Scope for expansion
- Excellent location
- Low overheads
- Extend trading hours
- Increase marketing/advertising
- Increase delivery rounds
Location
The Laundry Room is located on Vere St, in the town of Barry, Wales.
The business has eye catching signage and receives high levels of footfall and passing trade and benefits from being surrounded by housing and other businesses.
There is also ample free parking on the street for customers and staff.
Premises
Basement Room -
- Staff room
- Storage area
- Service area
- Laundry area
- 4 x ironing beds with iron
- Vacuum and heater
- 2 x Tills
- Various hanging rails and storage cupboards
- 6 x Industrial washing machines
- 5 x Standard and 1 x large industrial dryers
- A CCTV system with 3 cameras
- Dry cleaning machine purchased in 2019
Tenure
We are advised that the business is being sold on a Freehold or Leasehold basis. As our client owns the freehold, they have advised a new lease is to be negotiated with the new buyer with the rent to be £300 per week.
Hours
The current trading hours -
Monday to Friday – 8am – 5pm
Saturday – Closed
Sunday - Closed
Staff
We are advised that the business has 2 members of staff.
Financial Profile
We are advised as per the 2024 accounts, the business generated a turnover in the region of £78,000. The flat above the premises is currently tenanted with the tenant paying £175 per week. Further financials can be made available upon request.
Contact Agent
Listing Statistics
Advert Statistics Graph
Contact the seller for more details, or book a viewing
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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.
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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.'.
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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.
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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
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