Launderettes for sale in Staffordshire

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Adam Warren (Jan 2017)
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Freehold Price: £600,000
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Business Description
Freehold site consisting of self-service coin operated laundrette, linen rental and contract laundry (ground floor). Tenanted studio flats on first floor. The laundrette is fully staffed 8.00am – 6.00pm Monday/Saturday – closed Sunday. Domestic service washing and contract work keeps this person fully occupied.

Trade/contract work is processed at the rear in commercial/industrial equipment. The customer base includes a mixture of hospitality, and industrial work wear.

The geographical perimeter extends to Burton upon Trent, Derby, Lichfield, Peak District and surrounding areas all serviced by a wholly owned vehicle operating 5 days per week.

Total number of full time staff is 10 including the site/production manager and dedicated driver. The long service staff are fully trained and totally competent at managing all day to day production functions.

There are many long standing, ongoing contracts derived from offering customers a bespoke service package using quality products throughout every stage, producing outstanding results. The business enjoys a very strong reputation with their current customers all gained by word of mouth and as such has a high level of regular and repeat trade. There is huge scope to develop further.

Business t/o circa £365,000 pa.
Operating - profit 2017 in excess of £80,000.

The freehold site extends to first floor with separate access, consisting of 4no. studio’s all let on AST’s.

Annual rental income circa £17,000.

Total Income

Business Rent : £ 12,000 p/a
Residential Rent : £ 17,000 p/a
Operating Profit : £ 80,000 p/a

Total: £109,000

The freehold price to include: - “walk-in” fully operational business.
Delivery vehicle.
All machinery, roll cages, rental linen etc.
Subject to Negotiation: SAV

Offers invited circa £600,000
Tenure: Freehold

Location Details: East Staffordshire

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PAX0126144352
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