Ideally Situated & Well Known Launderette - Bury

Long Established Since 1970's
Accounts Available 30th October 2019
Annual Turnover £76,540
Gross Profit £73,900
Close to Bury Town Centre Approx 2 Miles
Owner Run
Free Parking Outside Business
Situated Within Busy Parade Of Shops
Excellent Repeat Customer Base
Additional Services Provided
Scope To Introduce Deliveries
Benefits From High Amount Of Passing Trade
Located Close To Busy Residential Area
Scope to Extend Opening Hours
EPC - B
Blacks Brokers are delighted to bring to the market this busy and well established launderette business in Bury, Lancashire.

INTRODUCTION

The Washing Basket has been established since 1970 with our current client purchasing this well established business in 2003. This business is located just 2 miles away from the town centre of Bury but is ideally situated within a large housing estate. Our clients offer additional related services such as, ironing services, agents for dry cleaning and alterations this is all offered on a collection and delivery basis.

LOCATION

Ideally situated within a large housing estate, The Washing Basket has huge scope for new repeat customers. Based just 2 miles away from the town centre of Bury and no immediate competition within the local vicinity, The Washing Basket offers huge expansion opportunities for a new owner. Due to the current owners choice, Deliveries are not available, this leaves huge scope for a new purchaser to introduce a delivery system in and around the Bury Area.

REASON FOR SALE

This exciting opportunity has come to the market due to our clients now wishing to retire and so therefore has been placed on the market at a very appealing price.

LEASE

There is currently a 10 year lease in place which started in 2014. It is a full repair and insure lease, which is the most common form of commercial property leases, which runs at a cost of £306 per week.

FINANCIAL DETAILS

The business currently generates and annual turnover of £76,540 and gross profits of £73,900. The business currently runs at the lifestyle choice of the current owners leaving huge scope for expansion and even introducing a social media presence.

SUMMARY

the Washing Basket has become a well-known and well loved business within the local community. With high levels of repeat customers, this leaves huge scope for a new owner to develop the business and introduce things such as social media, marketing and offering a delivery service. It is ideally situated within a large residential area and just 2 miles away from Bury town centre. Based on a small shopping precinct the business benefits from local residents and passing footfall of other shops. All fixtures and fittings are of a high standard and machines are not coin operated. The business is very much a hands on owner operator but with the right determination can turn into a highly profitable business especially as there is no competition within the local vicinity of the business. We would highly recommend viewing this business to discovers its true potential! Fixtures:
7 HW64 Washing Machines

x2 IPSO's Medium

x1 ISPO large size Washing Machine

x2 ADC 20 Pound Dryers x2 ADC 30 Pound Dryers

x1 ADC 40 Pound Dryer

x1 till system

x1 W/C

x1 Gas Boiler

Specialist fabricated water tank

x2 domestic ironing boards

Trading hours:

MON - FRI: 9-5
SAT: 9-3
WED - SUN: CLOSED

Tenure:

Leasehold

Is accommodation included?:

Large front of house
Storage
WC

Location Details:

BURY

Leasehold Term:

£15,950 Per Annum

Listed by: