COMMERCIAL LAUNDRY & DRY CLEANERS
Retirement sale after 17 years here
Excellent reputation amongst their commercial customers – superb returning customer base
Impressive range of commercial washers and dryers
20% gross profit margin
HUGE POTENTIAL FOR MUCH MORE
Turnover available on application
REF 581827. EPC Band E.
Business and Property £165,000
Northumberland

FREEHOLD COMMERCIAL LAUNDRY & DRY CLEANERS in Northumberland for Sale.

This is an outstanding commercial laundry and dry cleaning business which was founded over 40 years ago and is one of the largest independent operators in Northumberland. The business is only reluctantly offered for sale by the owners due to their overdue retirement. Well established since 2005, the business is set in a desirable location with no competition in the local area. The business has over 40 regular customers and provides its services predominantly to other commercial enterprises such as guest houses, hotels, restaurants etc and this is continuing to grow. There is a new housing development in progress behind the business which will no doubt bring in new business. There is also a company van included in the sale. The concern offers huge scope for enthusiastic, new, younger owners, the current vendors are continually expanding the business with targeted mail drops, utilising a web site, social media sites, targeted mail drops and a network of agencies. Turnover available on application. In addition, the dry cleaning business provides services direct to the public utilising the same marketing channels. Profits could be increased by marketing the business to potential new clients. Currently the business enjoys an EXCELLENT REPUTATION. The business boasts a gross profit of 20% and has considerable potential for expansion. The current owner, a former sales and marketing director of a PLC, has written a business development plan which is included in the sale. Many recent improvements have been undertaken here to ensure the business runs smoothly such as a new hot water boiler and a new apex roof having been installed within the last two years and a complete refurbishment of the large washing machines including a new water pump, replacement bearings, power supplies and drive belts. VIEWING HERE IS HIGHLY RECOMMENDED – HUGE POTENTIAL. The premises are situated to the north of Newcastle, close to Morpeth, adjacent to a busy main road and briefly comprise newly refurbished, spacious ‘sales shop’ laundry with an impressive range of new, modern commercial washers, dryers and new shelving, leading through to plant and store room with dry cleaning and finishing room beyond. Clean laundry store and WC. Included in the sale is a commercial vehicle.
EPC Band E.