Hilton Smythe is delighted to welcome to the market Laundry and Dry Cleaning Co Ltd. The business was originally established in 2001 and has been a great success in this location. Our client is now looking to sell the business due to retirement from the industry.
The business provides an exceptional laundry service and linen rental service to the commercial sector. Services include collection and delivery throughout Glasgow, Lanarkshire, Ayrshire, Stirling and Edinburgh, areas with quick turnaround times.
They have had repeat trade with many large companies and businesses, such as hotels, restaurants, clubs and holiday parks. This is a great plus for the business, and allows the laundry service to generate a healthy annual turnover.
Our client has run this business successfully; however, we feel the new owner could increase turnover further, by advertising and marketing. Free social media is a great way of attracting custom, along with the introduction of a dedicated website to promote the services of the business and perhaps introducing a domestic ironing and dry cleaning service within the local area. The purchaser could also look to expand the business by adding another property to accommodate private sectors such as B&B's and residential.
The business has a great reputation within the industry and would make an ideal bolt on to an already existing operation looking to command further market share within this sector with the current owner offering to accommodate an extended handover with full training.
The business is virtually self-sustaining, and we feel with the right buyer this business could achieve more. Hilton Smythe highly advise early viewing to any experienced purchaser.Location
The Laundry and Dry Cleaning Co Ltd is located in the popular and thriving Clydebank Industrial Estate, Beardmore Way, Clydebank.
The business is situated amongst a plethora of other businesses, including engineering companies, electronics companies, nursery services, wholesale suppliers, vehicle repairs and much more. This is a busy industrial estate that receives a generous amount of trade.
In addition, the location offers excellent access to the main motorway network giving ease of access to all other parts of Scotland for the businesses collection and delivery service.
Clydebank offers a whole host of excellent services including the popular Clyde Shopping Centre and Great Western Retail Park which is located close by. Sport and recreation facilities are readily available as are primary and secondary schooling.Premises
The Laundry and Dry Cleaning Co Ltd is located in a purpose built industrial unit extending to 961 m2 approximately and has been fitted out to an exceptionally high commercial/industrial laundry specification to meet the demands of the business.
The internal layout has been carefully designed to utilise the facility and comprises three sections, with a washhouse and drying plant, ironing and folding department with the packing and dispatch area at the far end of the building.
The building has also been fitted with commercial laundry requirements with a custom engineered water tank feeding the machines in the wash house that are powered by an industrial boiler to help with making the washing and drying process more efficient.
The premises further benefit from 2 fully fitted offices with a selection of office furniture and computer equipment and WC area.
4 x 100kg industrial washing machines
2 x electric industrial dryers
2 x gas industrial dryers
3 x further dryers
Industrial ironing and folding machine
Various purpose built packaging tables
A good Selection of metal linen cages
Various associated plant and tooling
1 x 2013 Mercedes Sprinter Van
1 x 2013 Mercedes Vito vanTenure
We are advised the tenure is offered on a leasehold basis.
Term 5 years with 2 years remaining as of December 2017.
Rent: £4,000 per monthHours
The business operates the following hours:
Monday to Friday: 07:00 – 16:00Staff
The business is run and managed by the current owner with the help of10 members of staff.Financial Profile
The business reports a turnover of circa £454,000 per annum