Leasehold business for sale. Established Dry Cleaners & Launderette located in St Johns, Worcester. Comes fully equipped. Ideal bolt on business. Comes with a 2 bedroom flat above.
Veritas Business sales are delighted to offer for sale this respected Dry Cleaners & Launderette concern which is located in St Johns, Worcester. The business was established back in 1963 and has been in the careful hands of our client for the past 9 years and is now being offered for sale so that they can enjoy a well deserved retirement. Since ownership they have continually invested in new equipment and machinery along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not have to be spent for some time. Posh Wash is owner operated with the help of 3 part time member of staff and has an annual turnover of £75,045 with a GP of £70,609 (94%). Services include dry cleaning, service washes, coin-operated launderette, wedding & prom dress cleaning and duvet cleaning. We believe that there is further potential to increase revenue by adding additional services such as alterations, key cutting and expanding the commercial work which is currently only 10% of the annual turnover. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade which is a great base to build upon and as such, early viewing is strongly recommended.
Is accommodation included?:
Veritas Business Sales are delighted to offer for sale this established Dry Cleaners & Launderette business which is located in St Johns, Worcester. Posh wash stands within a prominent and highly visible trading position next door to Tesco Express which is part of a small parade of shops to include a pet supplies shop, hairdressers and fish & chip shop. The parade benefits from a free customer car park and is just set back from the B4204 Marley Road.
Original term: 10 years
Remaining: 5 years
Rent: £18,000 pa
Service charge: £1,400 pa