Retail premises for sale in Mile Lane, Bury BL8

£59,995
Retail premises for sale
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Property description

Blacks Brokers are delighted to bring to the market this busy and well established launderette business in Bury, Lancashire.


Introduction


The Washing Basket has been established since 1970's with our current client purchasing this well established business in 2003. This business is located just 2 miles away from the town centre of Bury but is ideally situated within a large housing estate. Our clients offer additional related services such as, ironing services, agents for dry cleaning and alterations this is all offered on a collection and delivery basis. Collection and Delivery repeat customers on a weekly-fortnightly basis.


Location


Ideally situated within a large housing estate, The Washing Basket has huge scope for new repeat customers. Based just 2 miles away from the town centre of Bury and no immediate competition within the local vicinity, The Washing Basket offers huge expansion opportunities for a new owner.


Reason for sale


This exciting opportunity has come to the market due to our clients now wishing to retire and so therefore has been placed on the market at a very appealing price.


Lease


There is currently a 10 year lease in place which started in 2014. It is a full repair and insure lease, which is the most common form of commercial property leases, which runs at a cost of £306 per week.


Financial details


The business currently generates and annual turnover of £76,540 and gross profits of £73,900. The business currently runs at the lifestyle choice of the current owners leaving huge scope for expansion and even introducing a social media presence.


Summary


The Washing Basket has become a well-known and well loved business within the local community. With high levels of repeat customers, this leaves huge scope for a new owner to develop the business and introduce things such as social media and further marketing options. It is ideally situated within a large residential area and just 2 miles away from Bury town centre. Based on a small shopping precinct the business benefits from local residents and passing footfall of other shops. All fixtures and fittings are of a high standard and machines are not coin operated. The business is very much a hands on owner operator but with the right determination can turn into a highly profitable business especially as there is no competition within the local vicinity of the business. We would highly recommend viewing this business to discovers its true potential! Business: £59,995.

Please quote ref: 4894

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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