Popular Laundry Services in Northamptonshire

Rushden, Northampton
REF: 01918

Asking Price:
£34,950
Annual Turnover:
£60,000
Annual Net Profit:
TBC
Reduced
Recently Sold
REF: 01918
Photo of Popular Laundry Services in Northamptonshire

Overview

Tenure:
Leasehold
Established:
1998
  • Great Reputation
  • Loyal Customer base
  • Minimal Competition
  • Lease Length 108 Years
  • Potential to expand - Has A3 license to serve food
  • At least £15,000 worth of equipment included in sale

This is a brilliant opportunity to purchase a reputable laundry services shop in Rushden, Northamptonshire. The business offers a range of services, such as ironing and service washes, to both private and commercial clients.

The business has a great reputation in the local community and has built a loyal customer base that provides repeat custom on a regular basis.

The shop boasts impressive figures, which are based on only 33 trading hours per week. Thus, there is huge potential for more growth and success.

The business is located within a parade of different businesses on a small shopping precinct. The laundry services shop has a large glass frontage with the businesses name clearly listed above.

On entrance to the business, clients are greeted by a large counter where staff manage the enquiries and take their items from them. Behind the counter, there are two large rooms, which are out of view to clients and are used by staff when undertaking their laundry services.

These two rooms are filled with equipment and machinery, such as ironing boards and quality washing machines, all of which are included in the sale. There is also room for staff to undertake administrative duties and there is another entrance to the rear of the building.

There is a large car parking facility to the front of the business, which is ideal for their driving clients.

Intelligent Business Transfer are excited to bring to the market this superb opportunity to purchase a reputable laundry services shop in Rushden, Northamptonshire.

The shop has been established since 1998 and has experienced financial growth on an annual basis since then. The business can boast impressive financial figures and several ways in which they can grow these figures significantly.

The turnover of the business is in the region of £60,000 generated from a 33 hour working week, with an impressive gross and net profit margin, due to the minimal overheads of the business.

These financial figures have been achieved despite limited advertising. If a potential buyer were to advertise in local magazines and by leaflet dropping in the area, this would raise awareness of the business and attract new clients. A potential buyer could also use agents to increase the sales revenue. Another option would be to include a laundrette service to the shop, there is space to the front of the store which could be developed to include laundrette machines.

It is with a heavy heart that the current vendor is selling the business due to retirement. This business would suit an entrepreneur with the drive and energy to manage this busy laundrette and reap the financial rewards.

Location

Property

Annual Rent
£7
Annual Rates
TBC
Lease Term (Years)
125
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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