Launderettes for sale in Oldbury

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Leasehold Launderette Located in Smethwick

Oldbury, West Midlands, England

  • Leasehold Price: £39,950
  • Annual Turnover: £36,400
Seller Reference: 2335
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Business Description
 
 
 
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Seller Reference: 2335
Request Details
Business Description
Veritas Business sales are delighted to offer for sale this respected Launderette which is located in Warley Woods. The business was established by my client back in March 2017 and is reluctantly being offered for sale due to other pressing commitments taking priority. Since ownership my clients have invested in brand new machinery along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Warley woods Launderette is overseen by its owner but operated day to day by 1 part time staff member and has an average weekly turnover of circa £700. Although this is a coin operated launderette they offer service washes and an ironing service. A majority of the work comes from the general public but they do some corporate work for hotels, guest houses, hairdressers and sports clubs. Other services include dry cleaning, clothing alterations and carpet cleaning where they are just agents and sub contract the work out. We believe that there is further potential to increase trade should you wish as the business is still in its infancy and would benefit from an owner operator that could bring some of the sub contract services in house. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase a fully equipped business with huge growth potential which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed. 
Tenure:
Leasehold
Location Details:
This delightful Launderette is located within a prominent and highly visible trading position on Pottery Road, Warley Woods in Smethwick. Nearby shops include a post office & stores, butchers, mobile phone shop and pub/restaurant. The immediate area is densely populated with residential properties and gives easy access to the A4123 Wolverhampton road which connects to the M5 motorway which is a gateway for the M6 & M42 motorway.
Leasehold Term:
Original term: 3 years (Renewable) Remaining: 7 months Rent: £6,000 pa Business rates: zero
Listed by:
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