Launderettes for sale in Prestwich

View the "Laundrette & Dry Cleaners With Accomm - Prestwich" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Laundrette & Dry Cleaners With Accomm - Prestwich

Prestwich, Greater Manchester, England

  • Freehold Price: £365,000
  • Leasehold Price: £75,000
  • Sale Agreed
  • Annual Turnover: £73,155
  • Annual Gross Profit: £69,446
  • Annual Net Profit: £37,628
Seller Reference: 7300
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Business Description
 
 
 
 
 
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Seller Reference: 7300
Request Details
Business Description
Main Road Trading Position
Leasehold Option Could Also Be Made Available
Accounts Available Year End 31st March 2020
Annual Turnover £73,155
Gross Profit £69,446
Accounts Available After Viewing
Established 1965
Retirement Sale
Owner Operated
Repeat Customer Base
Excellent Reputation
Superb Online Reviews
CCTV Fitted
Scope To Extend Opening House
Scope To Expand Delivery/Collection Services
Potential For Additional Services
EPC - B
REF 7300 – Freehold Laundrette & Dry Cleaners With Accommodation

Blacks Brokers are pleased to bring to the market this freehold laundrette and dry cleaners with accommodation located in Prestwich, Manchester. The business can also be made available on a leasehold basis if preferred.

INTRODUCTION

Butterstile Cleaning Launderette & Drycleaner was established in this densely populated area of Prestwich in 1965 and was taken over by our clients in 1985. The business offers a range of cleaning and dry cleaning services as well as a collection and delivery service. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google.

LOCATION

Butterstile Cleaning Launderette & Drycleaner occupies a main road trading position within a parade of shops and offices. The area is mainly residential, but the parade is well populated commercially with neighbouring businesses being other independent retailers. There are also a number of schools and housing estates nearby as well as Prestwich Golf Club and Drinkwater Park. The area is well linked by the M60 with very strong public transport links and parking is available in the immediate area.

REASON FOR SALE

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

LEASE

A leasehold option can be made available to a purchaser if required. A new lease can be negotiated upon sale.

STAFF

The business operates with our client and partner in full time employment, there are no additional staff in place.

FINANCIAL DETAILS

Butterstile Cleaning Launderette & Drycleaner has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st March 2020 show annual turnover of £73,155 and gross profit of £69,446. Full financial information is available upon request.

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 well equipped, long established business occupies an enviable trading position in a busy residential area of Prestwich. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new services such as ironing and longer opening hours, possibly expansion of the pick up and delivery service already in place. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations or alternatively could be run under management. Early viewings are strongly advised. Fixtures:
30lb Commercial Dryer x 3

25lb ipso Washing Machines x 2

35lb ipso Washing Machine

16lb ipso Washing Machine x 4

Warwick Extractor Spinner

Epos Till System

Firvimatic 15kg Slimline Dry Cleaning Machine

Camptel Rotary Cabinet

Barbanti Professional Iron

Firvimatic Press

Compressor x 2

New Hot Water Boiler
Trading hours:
MON & TUE: 08:30 - 17:30
WED: 08:30 - 13:00
THU & FRI: 08:30 - 17:30
SAT: 09:00 - 13:00
SUN: CLOSED
Tenure:
Leasehold, Freehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Butterstile Cleaning Launderette & Drycleaner operates from the ground floor of a spacious mid terraced property on a busy road. The business has large branding and signage on display above a fully glazed frontage. Inside, the main laundrette area has a seating area and is fitted with seven commercial washing machines and three commercial dryers. There is a lower ground floor which is currently used for dry cleaning services and storage. All areas are fully equipped and presented nicely.

The first floor comprises of two double bedrooms, newly fitted bathroom and kitchen, living area and hallway. This is currently let and generates £625 per calendar month.

Location Details:
Prestwich
Listed by:
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