Business for Sale in TEIGNMOUTH, Devon LAUNDERETTE

Key Information

Reference

Q35575N

Tenure

Leasehold

Status

For Sale

Region

Devon

Sector

Launderettes

Annual Sales

£59,808.00 Exc. VAT

Accommodation

Yes

Business Information

Busy LAUNDERETTE with FAMILY HOME, popular SOUTH DEVON seaside town, situated in the coastal town of TEIGNMOUTH, host to good size resident population, attracting visitors and holidaymakers. Enjoying high profile trading position, fronting busy thoroughfare leading to nearby town centre, port, railway station and seafront, benefiting from free on street car parking immediately in front, surrounded by popular residential areas with holiday accommodation also close by from which trade is also received.

Deceptively spacious premises, provides ground floor customer washing (8 machines) & drying (6 machines) areas, service counter, cloakroom, duvet store, ironing room, and main storeroom. Large self-contained flat above, offers kitchen, sitting/dining room, 3 double bedrooms, bathroom, and large landing area, benefiting from recently installed central heating and double glazing, and 2 car parking spaces. Benefiting from favourable overheads, rent only £200 per week for both shop and flat, also receiving 100% business rate relief.

Well known established popular business, offering self-service and service washes, along with a collection service for the surrounding area, enjoying regular trade from local resident population in addition to some commercial trade comprising local Bed & Breakfast establishments. Income 2024 £59,808, Gross Profit £58,217, huge demand for service washes which could be increased substantially to boost income, along with increased opening hours for self-service, currently closing 6.00pm 4 days a week and 8.00pm other days.

Leasehold £69,995 sav Ref: Q35575N