Launderettes for sale in Stoke-on-Trent

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Well Established Launderette - Stoke-On-Trent

Stoke-on-Trent, Staffordshire, England

  • Leasehold Price: £14,999
  • Annual Turnover: £17,000
  • Annual Gross Profit: £12,000
  • Annual Net Profit: £7,500
Seller Reference: 7006
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Business Description
 
 
 
 
 
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Seller Reference: 7006
Request Details
Business Description
Shopping Parade Position
Coin Operated - No Staff - Established 1996
Self Running Business - Auto Lock Doors
Projected Annual Turnover (2019/2020) £18,000
Gross Profit £12,000
Net Profit £7,500
Low Rent Just £135 Per Week
CCTV Fitted Throughout
Free Parking Available In Immediate Area
Huge Expansion Opportunity
Scope To Introduce Additional Services
Potential For Collection/Delivery
Retirement Sale
EPC – C
REF 7006 – Leasehold Coin Operated Launderette

Blacks Brokers are pleased to bring to the market this leasehold coin operated launderette located in Stoke-On-Trent, Staffordshire.

INTRODUCTION

Blurton Laund'rette was established by our client in this denlsey populated area of Stoke-On-Trent in 1996. The business is a coin operated laundrette and is very well known. It has a strong base of regular customers in place from the surrounding area.

LOCATION

Blurton Laund'rette occupies a shopping parade trading position within a large housing estate. The area is densely populated commercially with independent retailers as neighbours. There are also a number of schools and other local amenities nearby. The area is well linked by the A50 with good public transport links and parking is available immediately outside the shop.

REASON FOR SALE

The business is offered for sale due to retirement, however it requires limited time from an owner due to its nature. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level, potentially introducing collection/delivery services, ironing and more.

LEASE

The building is available on a Full Repair and Insure (FRI) lease, this is the most common form of commercial lease. The current lease is a ten year lease which began in 2011 at a cost of only £135 per week.

STAFF

The business operates with our client only working on a part time basis. This involves collecting money as required and maintaining the machines and business space.

FINANCIAL DETAILS

Blurton Laund'rette has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has a Projected Annual Turnover (2019/202) £18,000
Gross Profit £12,000, and a Net Profit £7,500.

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 is a long established and well known business which occupies a superb trading position and has a strong base of regular customers in place already. There is plenty of scope to develop the business further with the introduction of a website, social media presence, additional services such as ironing and collection/delivery services and a full time owner operator. If a new owner would prefer to oversee the business, it already is running very well with minimal input. This proposition would ideally suit an owner operator who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Coin Operated Washing Machines x 8

Coin Operated Dryers x 7

Spencer Solitaire Service Washing Machine

CCTV

Extractor
Trading hours:
MON - FRI: 07:30 - 18:00 SAT & SUN: 07:30 - 17:00
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Blurton Laund'rette operates from the ground floor of a spacious end terraced property. The business has large branding and signage on display above a glazed frontage with auto locking doors and CCTV fitted throughout. Inside, there is a main service area fitted with eight coin operated washing machines and seven coin operated tumble dryers. There is also a private store room, kitchenette and toilet facilities. All areas are presented well.

Location Details:
Stoke-On-Trent
Leasehold Term:
£135 Per Week
Listed by:
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