Successful & Long-Standing Launderette Based in Reading

Pangbourne, Berkshire
REF: S07994

Asking Price:
£104,500
Annual Turnover:
£122,658
Annual Net Profit:
£29,458
REF: S07994
Photo of Successful & Long-Standing Launderette Based in Reading
Photo of Successful & Long-Standing Launderette Based in Reading
Photo of Successful & Long-Standing Launderette Based in Reading
Photo of Successful & Long-Standing Launderette Based in Reading

Overview

Tenure:
Leasehold
Established:
2006
  • Excellent reputation
  • Loyal customer base
  • Huge potential for growth
  • Spacious and well-equipped premises
  • Equipment included

The business for sale is a well-established and successful launderette based in Reading, which offers a variety of different laundering services.

Established in the 1960’s, this long-standing business has been run successfully by the current owner for just over 15 years. The company has developed an excellent reputation in the local community and has a loyal customer base, which should ensure plenty of trade for the new owner.

The launderette offers a wide variety of services to their customers, including service washes, dry cleaning, a shirt laundry service, an ironing service, clothes repairs, clothes alterations, and contract services.

The spacious and well-equipped premises are in an ideal location with high passing footfall, nearby car parking and access to excellent transport links. Best of all, this successful launderette has no local competition, which should guarantee a steady flow of trade from local customers.

There is huge potential for growth for the new owner, as there is the opportunity to develop a collection and delivery service. With loyal customers and no local competition, this is a fantastic business.

Upon entry, you step into the main room, with a receiving counter for service washes and dry cleaning, and 3 large washing machines to the left. In the centre of the room, there are 2 folding tables for guests, with 6 smaller machines and 5 gas fired tumble dryers to the right. At the back of the premises, there is a small office area, a kitchen, and a toilet. There is also a boiler room with a 4,000 litre cold storage tank, a water softener, a large hot water storage tank and an electric pump.

All equipment will be included in the sale, meaning the new owner can get to work straight away.

This would be the ideal opportunity for someone who is already operating within the industry and is looking for further opportunities, or for someone interested in the sector.

There is huge potential for growth with this business for someone who has the drive to build trade accounts. Offering a collection and delivery service could also be a great way to gain further clients.

Features

Online Presence

Location

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  • Nearby car parking
  • Good transport links
  • High footfall
  • Village location
  • No local competition

Property

Annual Rent
£17,000
Annual Rates
TBC
Lease Term (Years)
10 years
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
TBC

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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