Hilton Smythe is delighted to welcome to the market Monarch Laundry Ltd. The business was originally established in the 1960’s and has been a great success in this location. Our client first took over the business in 2004, but is now looking to sell the business due to health reasons.
The business provides an exceptional laundry service to the commercial sector. Services include collection and delivery throughout Hampshire, Dorset & Wiltshire, plus a 24 hour turn around service available when required.
They have contracts with many large companies and businesses, such as hotels, ships, schools,
Colleges and sports centres. This is a great plus for the business, and allows the laundrette to generate a healthy £276,000 turnover per annum, with a gross profit of 45%.
Our client has run this business successfully, however, we feel the new owner could increase turnover further, by advertising and marketing. Free social media is a great way of attracting custom. The business does have a website www.monarchlaundry.co.uk explaining what the laundrette offers.
The purchaser could also look to expand the business by adding another property. The owner could then focus on the private sector such as B&B’s and residential. The business has a great reputation in this location due to the long establishment.
There is huge scope for this business and we feel with the right buyer this business could thrive more. Hilton Smythe highly advise early viewing to any experienced purchaser.
Monarch Laundry Ltd is located on an industrial estate in Southampton, Hampshire.
The business is situated amongst a plethora of other businesses. There is a plumbing supplies store, window store, wholesale suppliers, vehicle repairs and much more. This is a busy industrial estate that receive a generous amount of trade. The area is highly residential and the business receives much of its trade from the local businesses.
The industrial estate is just off the A335, which is a main a-road through Southampton. The road runs from the centre of Southampton up to the M27 motorway. This is a great location for business as there are many great road connections and public transport links. Southampton airport is approximately 10 minutes away, and there are bus stops and train stations within a short walk from the premise.
The business is situated in a large industrial unit. The premise is well-signed. There is an entrance door that leads through to the office space and a large roller shutter door that heads to the open plan work area.
3 x dryers
5 x washers (3 automatic)
4 x rotary irons
mobile storage racks
2 x water tanks
Electric power points
The premise is very spacious, perfect for the trade. There are two vans included in the sale, these are on hire purchase.
We are advised the business is Leasehold.
Original lease length: 10 years
Left on the lease as of 2016: 5 years
Rent: £11,500 per annum
The business is open-
Monday - Friday: 7am – 3pm
The business only opens on weekends throughout the summer if required.
The business is run and managed by our client with the help of 8 members of staff.
The business generates a turnover in the region of £276,000 per annum.
With a gross profit of around 45%
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