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Laundry/Linen Hire Business In The South West For Sale

Cornwall, UK
Asking Price:
£674,950 Furniture / Fixtures included
Sales Revenue:
£400,000
Cash Flow:
£100K - £250K

Laundry & Linen Hire Business located In The South West. Highly Profitable concern.

Veritas Business Sales are delighted to offer for sale this established Laundry & Linen Hire business which is located in the South West of England. The business has been established for over 10 years and has been in the careful hands of the current owners for the past 2 years and is now being offered for sale so that they can enjoy a well deserved retirement. Since ownership there has been continual investment in state of the art plant & machinery along with fixtures & fittings which are bought and paid and are included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Some items of equipment remain on lease. The business is owner operated and employs the help of 4 full time members of staff and a number of seasonal staff members depending of the time of year. The annual turnover is circa £400,000 net of vat producing an extremely high net profit. The business services a variety of commercial clients and property owners who provide holiday homes to the many visiting tourists throughout the year. They use eco lab environmentally friendly cleaning products and only the best Egyptian cotton linen. We believe that there is further huge potential to increase trade should you wish by expanding further afield within the local area. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established concern which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

Property Information

Property:

Leasehold

Location:

Located in The South West

Premises Details:

Leasehold
Building 1
Term: 10 years
Remaining: 8 years
Rent: £12,000
Rates: Zero

Ground Floor
Press & ironing room (5.9m x 7.9m) comprising: industrial flat iron (Electrolux IC4 4832), Industrial flat iron (Electrolux IC4 3320 leased), 4 tables, various shelving, wash basin and 20 blue plastic linen bins.
Reception area (5.9m x 3.4m) with various shelving, electronic till and cabinet.
Laundry room (11.4m x 5.9m) comprising: various linen cages, 2 industrial washing machine (Electrolux W42 40H leased), 2 industrial washing machines (Electrolux W31 80H leased), industrial washing machine (Electrolux W31 30H), washing machine (Zanussi XXL 8kg), washing machine (Hotpoint), tumble dryer (Electrolux), 4 industrial tumble dryers (Electrolux 2 T4 3005 leased, 2 T5 3005 leased) and 20 blue plastic linen bins.
Storeroom (3.8m x 3.4m) with various shelving units.

First Floor
Ironing room (4.2m x 2.3m)
Linen storeroom (4.4m x 3.6m) with various shelving units.

Leasehold
Building 2
Term: 10 years
Remaining: 8 years
Rent: £12,000
Rates: Zero

Ground Floor
Reception/dispatch room (7.0m x 2.3m) with various linen cages and stairs leading to first floor.
Storage & packing room (9.5m x 7.0m) with various linen cages and various metal shelving units.
W/C and wash basin.

First Floor
Storeroom 1 (4.8m x 8.7m)
Storeroom 2 (2.7m x 4.7m)

External Parking for (1)
Vehicles 2 Nissan Vans

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday - Saturday - 9.00am - 5.00pm
Sunday - closed

Years established:
10 years

Contact Veritas Business Sales

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