Launderettes for sale in Colwyn Bay

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Freehold Newly Refitted Launderette - Colwyn Bay

Colwyn Bay, Conwy, Wales

  • Freehold Price: £159,995  Price Reduced arrow_drop_down
  • Annual Turnover: £74,673
  • Annual Gross Profit: £67,073
Seller Reference: 1264
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Business Description
 
 
 
 
 
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Seller Reference: 1264
Request Details
Business Description
Main Road Shopping Parade Position
Accounts Available Y/E 31st May 2018
Annual Turnover £74.673
Gross Profit: £67,073
Accounts Available Upon Request
Established 1997
Retirement Sale
Contracts 35 Hotels & WRU International Teams
Newly Refurbished
Fully Equipped & Modern
Commercial Vehicle Included
Low Overheads
EPC – B
REF 1264 –Freehold Newly Refitted Launderette

Blacks Brokers are pleased to bring to the market this freehold launderette located in a busy area of Old Colwyn.

INTRODUCTION

C & A Laundry Service has been trading on Abergele Road for over twenty years. The business was established here due to the high amount of local custom and high levels of passing trade. The business is well known and has an enviable reputation in the area with a large base of regular customers including over thirty five commercial contract customers – these include local hotels and the Welsh Rugby Union. Good reviews noted on Google.

LOCATION

The business is positioned on a busy main road close to large multiples including Aldi, Ladbrokes and The Co-op as well as a range of independent retailers within this popular shopping parade. The area is well linked by the A55 with good public transport links and free parking in the immediate vicinity. The area is densely populated residentially but is also extremely popular with tourists and holiday makers.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement 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.

BUILDING LAYOUT AND DESIGN

C & A Laundry Service operates from the ground floor of a spacious, mid terraced property within a busy parade of shops and other local businesses. The launderette is well branded with large signage displayed above a fully glazed double frontage. C & A Laundry Service has been fully renovated in 2019 and is presented well both inside and out. Inside, the main retail area service counter is located immediately to the right with two fifty pound dryers, four sixteen pound washers, a twenty five pound washer, twenty five pound extractor, two stacked dryers, two full size thirty pound dryers and much more. To the rear of this main area is a rear packing area which is fitted with an industrial dry iron. There is also a staff kitchen with access to the rear garden, patio and single garage. This business sale includes a commercial vehicle and computerised booking system with electronic customer base.

STAFF

The business is currently operating with one full time member of staff and two part time.

FINANCIAL DETAILS

C & A Laundry Service has traded well during the last two decades. Accounts for year ending 31st May 2018 show annual turnover of £74,673 with gross profit of £67,073. Full financial details are available upon 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 freehold business occupies a superb trading position on a busy main road. There is plenty of scope to develop the business further with a strong marketing drive and additional business to business contracts. 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 x Fifty pound washers
4 x Sixteen pound washers
1 x Twenty-five pound washer
1 x twenty-five extractor
2 x Stacked dryers
New boiler fitted
Power steam generator iron
2 x Full size thirty pound dryers
1 x fifty pound dryer

Trading hours:
Mon to Fri: 9am - 6pm Sat: 9am - 4pm Sun: Closed
Tenure:
Freehold
Is accommodation included?:
Double shop frontage terraced row
Open sales area
Packaging room
Kitchen
Rear garden and patio
Storage shed
Garage
Location Details:
Conwy
Downloadable Documents:
Listed by:
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