Hilton Smythe is delighted to welcome to the market this well-established and busy laundry business, which is ideally located within North Yorkshire.
The popular business has been in our clients' careful ownership since 2013. Only now is the business being offered to the market due to our client's desire for a well-deserved retirement. The business currently operates 5 days per week and generates a turnover in the region of £195,000 per annum, with a good gross profit.
Our client offers a range of laundry and dry cleaning services for hotels, restaurants, pubs & clubs, holiday camps, cottages, country houses, sports clubs, tea rooms, shops, schools and private individuals. Our client also provides a delivery and collection service.
The property boasts 781 sq. metres of floor space with a reception area, main large workshop, WCs and kitchen facilities.
The business has built up an excellent reputation within the industry for the very high quality of the services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering weekend opening hours. A new owner could also embark on a modest marketing campaign to highlight the excellent services offered. The business already has an informative website in place to promote the business.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended.
TENUREWe are advised Leasehold:
Original lease length: 5 years
Remaining lease length: 2 years, as of October 2016
Rent: £9,600 per annum
HOURSThe business is open:
Monday - Friday: 8.00am - 4.00pm (8.00am - 7.00pm in Summer).
Saturday - Sunday: Closed
STAFFThe business is owner run and managed with 8 x staff members.
FINANCIAL PROFILEThe business generates a turnover in the region of £195,000 per annum, with a good gross profit.
This busy laundry business occupies substantial industrial premises, ideally located within a town in North Yorkshire. The business is surrounded by a mix of both commercial and residential properties, from which the business derives much trade. The business benefits from a high volume of footfall and passing trade, as well as excellent off street parking facilities to the front of the premises.
The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is less than 10 minutes' walk away. The area is also well served by the A-roads, with two being within easy driving distance, which link to the national A-road and motorway networks.
Substantial industrial premises, in an ideal trading location, briefly comprising:
The main entrance leads into a small reception area with access to the office. A corridor leads to the main laundry and provides access to the office.
Access to the laundry externally is via a large roller shutter, allowing company vehicles easy access to the work area.
The laundry is a large industrial unit, fitted out to a very high standard. There is a separate workshop to one side for repairs and maintenance. Please note, the lathe and electrical tools in the workshop are not included within the sale.
Ladies and gents' WCs.
8 x commercial dryers.
4 x small washing machines.
2 x large washing machines.
2 x extra-large washing machines.
6 x heavy duty storage racking.
Other general laundry equipment.
The company vehicles are leased.