in Scarborough

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Adam Warren (Jan 2017)
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Leasehold Price: £160,000 Annual Turnover: £197,000 Annual Net Profit: £46,000
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Business Description
Up for sale busy commercial laundry, servicing the North Yorkshire coast, with over 130 loyal customers and potential for expansion.

The business caters specifically to the Hotel and bed and breakfast industry and consequently serves the hospitality industry between Whitby and Bridlington with Scarborough in between, effectively the North Yorkshire coast and inland as far as Kirkbymoorside.
This area is a thriving tourist area with a dynamic hospitality industry in robust health. These Businesses generally outsource their laundry requirements, using only laundry services with a sound reputation and the ability to consistently and time efficiently deliver the required standards.
The business is totally geared up to this commercial use, employing a number of staff working to specific deadlines to ensure speedy turnaround of bed sheets, duvet covers, pillowcases etc for the substantial number of businesses for which Viking Laundry provide a service.
Viking Laundry now has a substantial market share in this dynamic sector and can demonstrate accounts that support the lucrative nature of the business.
The business owners currently operate with a very hands-on style, although it is not necessary for new owners to continue in the same manner, although profit orientated owners would see this as the most attractive business model and follow the same suit.
For new owners this represents a tremendous opportunity to acquire an established business with impressive accounts and equally impressive net profits.
The business is priced aggressively to ensure market interest also facilitating a very quick return on investment for any potential buyer.

4 x IPSO HW131C High spin W/Machines
1 x IPSO HW164C High spin W/Machines
2 x IPSO WE95C Standard spin W/Machines
1 x IPSO WE73 Standard spin W/Machine
1 x Miele PT7136 plus T/Dryer (electric)
2 X ADC 75 Lb Gas T/Dryers
6 x ADC 50Lb Gas T/Dryers
1 x Fabricare 30Lb Gas T/Dryer
1 x Electrolux IM3316 1.6 mtr Gas Ironer
1 x Electrolux IM3320 2.0 mtr Gas Ironer
1 x Ipso DI 1800/4 1.8 mtr Gas Ironer
1 x Silc Ironing Table S/AAR (electric)
2 x Portacabin Drying rooms
office furniture
Cctv system
Tenure: Leasehold

Listed by: Bizdaq

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