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High-Profit Laundry and Linen Hire Business with Modern Facilities in South West, Cornwall

Undisclosed, Cornwall

CONFIDENTIAL SALE

  • Leasehold: £269,950
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Leasehold Laundry & Linen Hire Business Located In The South West

Veritas Business Sales are delighted to offer for sale this established Laundry & Linen Hire business which is located in the South West of England. The business has been established for over 13 years and has been in the careful hands of the current owners for the past 5 years and is now being offered for sale so that they can enjoy a well deserved retirement. Since ownership there has been continual investment in state of the art plant & machinery along with fixtures & fittings which are bought and paid and are included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Some items of equipment remain on lease. The business is owner operated and employs the help of 7 full time members of staff and a number of seasonal staff members depending of the time of year. The annual turnover is circa £500,000 net of vat producing an extremely high net profit. The business services a variety of commercial clients and property owners who provide holiday homes to the many visiting tourists throughout the year. They use eco lab environmentally friendly cleaning products and only the best Egyptian cotton linen.
We believe that there is further huge potential to increase trade should you wish by expanding further afield within the local area. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established concern which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

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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.

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.

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