Launderettes for sale in Wigan

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Sarah Davies (June 2014) View More
Leasehold Price: £30,000 Price Reduced Turnover: £40,000
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market The Wigan Laundry Company. Our client first took over the store 5 years ago and has enjoyed running the shop in this location. The owner is now looking to sell the business due to the desire to take a well-deserved retirement.

The laundrette is a well-used service in the area and benefits from repeat loyal trade. The business is an agent for Monks dry cleaning and offer dry cleaning services on Monday’s, Wednesdays and Fridays.

The business is currently generating an advised turnover of around £40,000 per annum. There is a cash income that isn’t included in the current accounts. This can be discussed with the owner.

Above the store is an empty room. This space could be sublet as an ironing room and could generate an extra income for the purchaser.

We feel one way the new owner could increase turnover would be to offer a loyalty scheme. The business is set within a close community and so we feel this could highly benefit the store.

The business is in a walk-in trading position and would be perfect for a purchaser looking for a successful laundrette. Hilton Smythe highly advise early viewing to avoid disappointment.

LOCATION
The Wigan Laundry Company is located in Wigan, Greater Manchester.

The business is situated on a retail parade in the middle of a residential area of Scholes. Directly outside the premise and to the side is a car park with several spaces. There is an abundance of business on the parade such as a convenience store, eatery, take away, restaurant and a pet store. This is a popular location with the locals due to the mixture of retail outlets.

The business is located on a main road that runs from Wigan town centre through to the M61 at Horwich. There are many A-road in this area which makes it easy for commuting.

Wigan has two train station which are main lines in the area. There are also many bus stops within easy walking distance of the business.

PREMISES
The premise on which the business is situated is a double fronted store with two large windows making for a bright interior. The shop is well signed and has space to the front of the store for promotional signs.

To the left on entrance is a long line of machines. The inside of the store is large with a generous amount of space in the centre. Through the centre is a seating area and there is a counter on the right.

Equipment includes-

6 Ipso 16lb (coin operated boiler fed)

2 Ipso 35lb (service washes boiler fed)

Primus 10kg coin operated washing machine

Large ADC service drier

4 ADC coin operated driers

Andrews gas feed boiler 73 gallon capacity

Steam generator iron

Fixtures and fittings

Rails

On the first floor of the premise is a spacious currently empty room, store room and toilets. The empty room could be utilised or sublet out as an ironing room.

TENURE
We are advised the business is Leasehold.

Original lease length: 5 years

Left on the lease as of April 2016: 5 years

Rent: £600 per month

HOURS
The business is open-

Monday - Friday: 8:30am – 5:30pm

Saturday: 9am – 5pm

STAFF
The business is run and managed by our client with the help of 2 full time members of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of £40,000 per annum.

We are advised there is a cash element to the business which can be discussed with the owner if required.



Tenure: Leasehold

Listed by: Hilton Smythe
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