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Profitable, Established Dry Cleaning & Laundry Business — Rates Exempt, Own Parking (South Lanarkshire)

Stonehouse, South LanarkshireEst. 21 years
Profitable, Established Dry Cleaning & Laundry Business — Rates Exempt, Own Parking (South Lanarkshire) Photo 1
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Profitable, Established Dry Cleaning & Laundry Business — Rates Exempt, Own Parking (South Lanarkshire)
  • Status

    FOR SALE

  • Advert ID

    658475

  • Leasehold: £75,000
  • or
  • Freehold: Price on Application
  • Rent: £7,750 (£646 per month)
  • Turnover: £73,000 (£1,404 per week)
  • Profit: On request

Business Details

Profitable, Established Dry Cleaning & Laundry Business — Rates Exempt, Own Parking (South Lanarkshire)

The Textile Care Co — Business for Sale

Overview

An established, highly profitable dry cleaning and laundry business in Stonehouse, South Lanarkshire, trading 21 years under the same ownership. Excellent reputation, low overheads, now available as a going concern.

At a glance

  • Business: Dry cleaning & laundry
  • Established: 21 years under same ownership
  • Location: Stonehouse, South Lanarkshire — quick and easy access to the M74 and surrounding areas
  • Shop hours: 7am–1pm, Monday to Friday (30 hours/week)
  • Staffed by: Owner and wife (part-time)
  • Premises: Good-condition unit on the village main street, own car park, low rent, rates exempt
  • Turnover: £73,000 for the previous 12 months, high margin
  • Asking price: £75,000

The business

The business has provided the sole household income for a family of five for over 20 years. Over that time, its predominantly domestic client base — regular and repeat — has been built and refined.

The business does no marketing, trading on reputation and word of mouth: 100% five-star reviews (Google), a "Three Best Rated" local listing, and a modern, well-ranked business website.

Hours and how it runs

The shop hours are currently set to suit the owner, but they are flexible and can be arranged to suit a new owner: run by one person, shared between two, or reorganised around longer opening.

Turnover / Earnings

Turnover for the previous 12 months of £73,000, run at a high margin with strong discretionary earnings from a low cost base. Full accounts are available to qualified enquirers.

Room to grow

There is substantial potential for growth if desired. The business is currently run deliberately lean because the owner has chosen to limit working hours, but several services could be added — all in demand and straightforward to introduce:

  • Ironing service — not currently offered.
  • Alterations and repairs — not currently offered.
  • Wedding dress cleaning — not currently offered (declined only to avoid the extra hours).
  • Extended opening — afternoons, evenings and Saturdays are unused capacity.
  • Marketing — none currently done, other than a modern website.

Premises

A good-condition unit with its own car park, low monthly rent and rates exempt. The business is fully equipped and operational. The premises are available on a lease, and there may also be the possibility of purchasing them under a separate agreement.

Reason for sale

After 21 years, the owner is selling to focus full-time on a lifelong passion and separate business venture, and is keen to find a suitable buyer who will look after the loyal customer base built over those years.

Handover

A full handover and training period is offered for a smooth transition and continuity for clients.

Next step

The asking price is £75,000, which includes all goodwill, fixtures, fittings, and operational equipment. Genuine enquiries are welcome; an initial conversation is the first step, after which further information is shared with serious, funded parties.

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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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