Launderettes for sale in Chatham

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Established Launderette & Dry Cleaners - Chatham

Chatham, Medway, England

  • Leasehold Price: £28,000  Price Reduced arrow_drop_down
  • Annual Turnover: £23,495
  • Annual Gross Profit: £22,940
  • Annual Net Profit: £10,278
Seller Reference: 6736
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Business Description
 
 
 
 
 
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Seller Reference: 6736
Request Details
Business Description
Prominent Trading Position
Accounts Available Year End 30th November 2017
Annual Turnover £23,495
Gross Profit £22,940
First 3 Months Rent Free
Accounts Available After Viewing
Coin Operated
Overs 20 Year Trading History
5 Minute Walk To Chatham Train Station
Owner Operator
New Lease To Be Negotiated
Scope To Expand Services Offered
Potential To Introduce Collection/Delivery
EPC - TBC
REF 6736 – Leasehold Launderette & Dry Cleaners

Blacks Brokers are pleased to bring to the market this leasehold launderette & dry cleaners located in a busy residential area of Chatham, Kent.

INTRODUCTION

A1 Launderette & Dry Cleaning has been trading on Ordnance Street for over twenty years. Our client took ownership in 2018 when it was inherited from a family member. The business is well known and has a good reputation in the area with a large base of regular customers and excellent reviews noted on Google and Yell.

LOCATION

The business is positioned in a densely populated residential area close to Chatham Station which links directly into London. The area is favoured by city workers and commuters. The area is well linked by the M2 and A229 with good public transport links and free parking in the immediate area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s other business commitments, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The lease will be fully negotiated with our client upon sale of the business, it will run at a cost of £208 per week. This is for the ground floor only.

BUILDING LAYOUT AND DESIGN

A1 Launderette & Dry Cleaning operates from the ground floor of this spacious, end terraced property. The business is well branded with large signage displayed above the entrance and mainly glazed frontage. Inside, the launderette is well presented and is fitted with six washing machines – two large for duvets and the like, along with four medium sized dryers and one El wash machine – this is large enough for 4/5 duvets. To the rear is a staff area fitted with industrial iron, kitchen and toilet facilities. This may be converted into living accommodation if preferred.

STAFF

The business is currently operating with one member of staff in employment supporting our client who oversees the running of the business on a part time basis.

FINANCIAL DETAILS

A1 Launderette & Dry Cleaning has traded well during the last two decades. We are advised that the business currently has annual turnover of £23,495 with gross profit of £22,940. Full financial details are available after viewing.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies a superb trading position in a busy residential area. There is plenty of scope to develop the business further with the introduction of new services such as collection and delivery as well as alterations and in house dry cleaning (this is currently outsourced). This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
2 Large Washing Machines

4 Medium Size Washing Machines

Large Tumble Dryer

4 Medium Size Tumble Dryers

El Washing Machine (4-5 Duvets)
Trading hours:
MON - SAT: 08:30 - 19:00 SUN: 08:30 - 14:00
Tenure:
Leasehold
Location Details:
Chatham
Leasehold Term:
£208 Per Week
Listed by:
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