Launderettes for sale in Scarborough

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S Martin (Feb 2013)
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Leasehold Price: £149,950 Price Reduced Sale Agreed
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Business Description
Substantial Market Share on The N Yorks Coast Line
T/O of £247,000 PA From 2014 Accounts
Reconstituted Net Profit of £96,600 From 2014 Accounts
Tremendous Opportunities to Further Increase Sales
Includes Extensive Equipment Inventory

Viking Laundry is a commercial laundry business operating from Scarborough in North Yorkshire.

The business caters specifically to the Hotel and bed and breakfast industry and consequently serves the hospitality industry between Whitby and Bridlington with Scarborough in between, effectively the North Yorkshire coast.

This area is a thriving tourist area with a dynamic hospitality industry in robust health. These Businesses generally outsource their laundry requirements, using only laundry services with a sound reputation and the ability to consistently and time efficiently deliver the required standards.

The business is totally geared up to this commercial use, employing a member of staff working to specific deadlines to ensure speedy turnaround of bed sheets, duvet covers, pillowcases etc for the substantial number of businesses for which Viking Laundry provide a service.

Viking Laundry now has a substantial market share in this dynamic sector and can demonstrate accounts that support the lucrative nature of the business.

The business owners currently operate with a very hands-on style, although it is not necessary for new owners to continue in the same manner, although profit orientated owners would see this as the most attractive business model and follow the same suit.

There would be little doubt that the current owners would continue with this very successful business were it not for unforeseen health issues, being the only and unfortunate reason for the sale of the business.

For new owners this represents a tremendous opportunity to acquire a an established business with impressive accounts and equally impressive net profits.

The business is priced aggressively to ensure market interest also facilitating a very quick return on investment for any potential buyer.

Furthermore, the business has an extensive balance sheet which includes all the necessary washing machines dryers etc that a fully functioning and capable business such as Viking Laundry requires.

9 commercial washing machines of various capacity

12 commercial drying machines of commercial capacity

2 Porta Cabins

1 Iveco Van(2002)

3 Roller Pressers
Trading Hours:
As required

Tenure: Leasehold

Accommodation Details:

The business operates from within a business Park and occupies a single story unit. The open plan area is supplemented by an office used for administration purposes there is also parking outside for customers and staff. 9 commercial washing machines of various capacity and Twelve commercial drying machines of commercial capacity.

Location Details: Scarborough

Leasehold Term: Rent: £194 Per Week

Downloadable Documents

Listed by: Blacks Business Brokers Limited
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