Launderettes for sale in Stourport-on-Severn

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Well Established Launderette In Worcestershire For Sale

Stourport-on-Severn, Worcestershire, England

  • Leasehold Price: £75,000
  • Turnover: £83,651
Seller Reference: 4521
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Business Description
 
 
 
 
 
 
 
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Seller Reference: 4521
Request Details
Business Description
WELL ESTABLISHED LAUNDERETTE - WORCESTERSHIRE
Advised annual turnover of £83,651 with scope to increase
Currently run at a pace to suit, huge potential to expand
Situated in the market town of Stourport on Severn
Genuine reason for sale due to retirement
Early viewing strongly recommended
Established for over 12 years
Ideal partnership opportunity
Price is open to negotiations
High level of gross profit
Ideal trading location
Walk in condition
LEASEHOLD

Business History

Meridian Business Sales are please to offer to the market this well equipped launderette and dry cleaning business which was established in 1960 and has been in the careful hands of our client since 2007. Our clients are reluctantly offering the business to the market due to their desire to take well deserved retirement. Since they took over the business our client has continually invested time and money into the business, meaning that it is in full walk in condition. Currently run at a pace that suits our client’s lifestyle there is massive scope for a new hands on owner operator to develop the business further. Our client informs us that the annual turnover currently runs at £83,651 with a gross profit of £48,638 which is derived from providing a excellent dry cleaning and laundry service to a large amount of customers throughout the year. The business has always enjoyed excellent levels of regular and repeat trade due to its good reputation within the community and also sees a large amount of new customers who have been recommended by word of mouth and from the businesses highly visible trading location in the town centre. There is scope to increase the trading hours and introduce a website which may increase income. The business may benefit further from offering the services to hotels and B and Bs together with a delivery and collection service. This is a very reputable and longstanding business and offers the new owner a pure turnkey business opportunity, with training provided during the transition period, and as such early viewing is strongly recommended.

Location

The popular launderette and dry cleaning business is located on a parade of shops close to the main high street in the desirable market town of Stourport on Severn. Due to its superb location it sees a high footfall of passing trade. Stourport on Severn is often shortened to Stourport which is a civil parish in the Wyre forest district of north Worcestershire. It is a few miles south of Kidderminster and downstream on the river Severn from Bewdley and is accessed via the A451 and has close links to the A446 and the A448 connecting to the M5 motorway and beyond

Financial Profile
Turnover: £83,651pa
Gross Profit: £45,000pa
Stock: (Approximately) £1,000
Peninsula Contract & JLA (New boiler) contract will need to be taken on by new owner.

Accommodation

Well signed premises with secured street front access to launderette:

GROUND FLOOR PREMISES - Large open plan area with:

13 commercial washers

12 commercial driers

Various other equipment to suit business including roller irons, steam generators

Boiler room

Storage

Office

WC

Roller irons

Steam generators

EXTERNAL

Off road parking

Roadside parking

Communal car park

Tenure:
Leasehold
Listed by:
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