FOR SALE
10/07/23
516380
For sale is a long-established Laundrette and Dry Cleaners located in the charming village of Weaverham, Cheshire. This robust business has a rich history, having been serving the local community for five decades. I have been at the helm of this venture for a significant proportion of that time period, 17.5 years to be precise.
The asking price for the leasehold is £80,000. The business currently turns over £82,000 annually and we are open to negotiations. Worth noting is the profit margin which stands at a noteworthy £18,000.
It is a busy laundrette with customers using the machines for self service and also leaving washing and duvets on a service wash (hence all the washing and duvets in the photos). We also do work for a number of local businesses in the area and this is something that you could expand on if you took on extra staff.
Parking won't be a problem for your potential clients as we have ample space available at both the front and the rear of the premises. Plus, parking comes at no extra cost. The Laundrette occupies a prime location thanks to its main road setting. This contributes to the good footfall along with convenient proximity to Tesco Express and other local retailers.
Having a near monopoly on the local laundry market is another point in our favour. There's practically no competition in the immediate vicinity. Every fixture and fitting integral to the smooth running of the Laundrette will be included in the sale.
Over the past year, our turnover has been on the upward trend, a growth trajectory we see continuing. However, due to my impending retirement, I am looking to pass the baton onto capable hands. The laundry operates six days a week, from 8am to 5pm, Monday through Saturday, with Sundays off.
The business requires modest staffing, currently run by myself and one other employee. We also see scope for the new owner to tap into online presence and expand the business even more. We are willing to provide training opportunities to the new proprietors to ensure a seamless transition.
Finally, if need be, we can provide access to our accounts upon request, and the new owners will entertain a new lease. For a comprehensive set of details about this business, do not hesitate to get in touch with me.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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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