Fully Equipped Launderette in Busy South Somerset Town with No Local Competition for Sale
Chard, Somerset
- Status
SOLD / WITHDRAWN
- Date Submitted:
20/03/24
- Advert ID
608518
- Leasehold: £50,000 (Stock at valuation)
- Rent: £14,400
- Turnover: £53,040 (£1,020 Per week)
- Net Profit: £25,000 (48% Profit margin)
Key Features
- Established Business
- With Car Park
- Attractive Business
- New Lease
- Fully Fitted
- Adjacent to Multiple Retailers
Business Details
Very Busy Launderette for Sale in rapidly expanding South Somerset town
Fully equipped launderette for sale in booming, rapidly expanding South Somerset town (12000 population).
Situated in a big housing estate just outside of the town centre on a small but very busy parade of shops.
Free parking right outside with no restrictions.
No local competition for miles around. Many surrounding towns with no launderette facilities.
Much improved by latest owners. Glowing customer recommendations and only 5 star reviews on Google
All cash.
Massive repeat business.
Growing local b&b, hotel, AirBNB contracts. Summer holiday trade.
Currently on a very recently renewed fixed rent 5 year lease. Expiring December 2028
Fantastic business and great opportunity with room to expand - card payments, service washes, duvet cleaning, dry cleaning agency, ironing, animal blankets/beds.
Massive shop with kitchen area, toilet and large basement suitable for a whole host of addon businesses (currently set up with small shed office in the corner).
Included...
5 x 5.5kg Wascator washing machines
1 x medium size 8kg JLA washing machine
1 x large 14kg Wascator washing machine (superking duvets)
1 x Bosch washing machine used washing pet laundry (blankets, beds, towels etc.)
1 x Hoover washing machine used for service washes
6 gas powered Lonestar dryers.
Boiler fed hot water system.
2 change machines. 1 powder machine.
Padded customer benches. Table. Counter area.
CCTV set up
This is a thriving all cash business that has yet to reach it's full potential. Genuine reason for reluctant sale.
Willing to stay on for a week to show any prospective purchaser the ropes and make it a smooth transition.
Price £50,000 ono.
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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.
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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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