Launderettes for sale in London

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Launderette - London

London, England

  • Leasehold Price: £60,000
  • Annual Turnover: £67,600
Seller Reference: KBT46953
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Business Description
 
 
 
 
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Seller Reference: KBT46953
Request Details
Business Description
• Well established and well used traditional launderette
• Advised weekly takings in the region of £1,300
• Densely populated residential area
• Genuine growth potential, viewing recommended

Well established and well used traditional launderette situated on a main road and within a densely populated residential area of North London, just on the outskirts of the main town centre. The area in general is extremely busy throughout the day, with locals going about their day to day business.

Super Wash has been owned by our client since around 1997, although we have been advised there has been a launderette operating from the same site for many years. The business has been in the family for several years.

Whilst most of the income comes from serviced washes and self service, the business does have several commercial clients such as local restaurants and hair dressers, although no formal contracts are in place.

The business has a regular and loyal customer base given the limited competition within the local area. In our opinion the business still offers genuine growth potential for any new owner who could increase the commercial income due to the vast number of restaurants
and other commercial businesses within the local vicinity.

There is also the opportunity to offer a collection and delivery service, along with an ironing service which would suit the many London commuters who frequent the area daily.

This is a good opportunity for a hands on operator or existing owner who is looking to expand their portfolio and take full advantage of the excellent location and loyal customer base which has been built up over many years.

Summary. This is an excellent opportunity to acquire a well-established launderette. The business would ideally suit an owner operator to maximise profits, as well as being a welcome addition to an existing operator who is looking to expand.

A viewing is highly recommended to fully appreciate the business opportunity, growth potential and popular North London location.
Tenure:
Leasehold
Is accommodation included?:
Yes
Listed by:
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