Description
Hilton Smythe is delighted to welcome to the market Laundry Services. Established in 2002 the business has been successfully run by our client since 2011 and only now does the business come to the market as our client looks towards a well-deserved retirement.
Laundry Services sees much repeat trade and word of mouth recommendations. The business reports an annual turnover of £39,400 with a gross profit of 82%.
Revenue is generated from a professional washing, drying and ironing service. The business has an excellent reputation for its friendly service and value for money, providing for domestic clients with additional regular business from hotels and bed and breakfasts in the City. The business also offer a popular collection and delivery service.
We believe the business has huge potential for growth as Laundry Services is currently run at a pace to suit our client. The business would also benefit from opening at weekends and extending opening hours into the evening. We also feel there is huge potential to expand the commercial side of the business with a modest marketing campaign targeting the abundance of tourist accommodation in the area as well as more guest houses and local hotels.
The shop is a very good size and can be reconfigured to easily allow for more equipment to meet this extra demand if required.
Early viewing of this sound business investment with massive potential for growth is highly recommended.
Tenure
Leasehold
The business is leasehold
Original lease length is 10 years
6 years remain on the lease
Reviewed every 5 years
Rent is £600 per calendar month.
Hours
The business opens:-
Monday to Friday 8.00am – 4.00pm.
Staff
The business is owner run and managed with the assistance of 1 member of staff.
Financial Profile
The business reports an annual turnover of £39,400 with a gross profit of 82%.
Location
The business is located just outside the historic City of Chester.
Laundry Services sits within a very heavily populated area of the city from which the business derives much trade. The business is located just off the main A483, a busy commuter road into the city.
Chester is a beautiful city with many attractions of historic interest attracting thousands of tourists each year. The area is served by several railway stations and the M53, M56 and A55 all provide excellent road links.
Premises
Double fronted detached single storey premise briefly comprising:-
Main shop area with counter. Small kitchen area and toilet facilities just behind the main shop area. To the rear is a large room for washing, drying and ironing. With rear door access.
Equipment includes:-
2 Mayer commercial washing machines
2 commercial dryers
Hot box for drying clothes
2 fixed ironing boards
3 free standing ironing boards.
Roller Machine
The premise benefits from a burglar alarm and metal cage shutters on front door and windows.
