Ref 7006 – Leasehold Coin Operated Launderette
Blacks Brokers are pleased to bring to the market this leasehold coin operated launderette located in Stoke-On-Trent, Staffordshire.
Blurton Laund'rette was established by our client in this denlsey populated area of Stoke-On-Trent in 1996. The business is a coin operated laundrette and is very well known. It has a strong base of regular customers in place from the surrounding area.
Blurton Laund'rette occupies a shopping parade trading position within a large housing estate. The area is densely populated commercially with independent retailers as neighbours. There are also a number of schools and other local amenities nearby. The area is well linked by the A50 with good public transport links and parking is available immediately outside the shop.
The business is offered for sale due to retirement, however it requires limited time from an owner due to its nature. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level, potentially introducing collection/delivery services, ironing and more.
The building is available on a Full Repair and Insure (Fri) lease, this is the most common form of commercial lease. The current lease is a ten year lease which began in 2011 at a cost of only £135 per week.
The business operates with our client only working on a part time basis. This involves collecting money as required and maintaining the machines and business space.
Blurton Laund'rette has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has a Projected Annual Turnover (2019/202) £18,000Gross Profit £12,000, and a Net Profit £7,500.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This is a long established and well known business which occupies a superb trading position and has a strong base of regular customers in place already. There is plenty of scope to develop the business further with the introduction of a website, social media presence, additional services such as ironing and collection/delivery services and a full time owner operator. If a new owner would prefer to oversee the business, it already is running very well with minimal input. This proposition would ideally suit an owner operator who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £14,999.
Please quote ref: 7006