Business for Sale in SHEPTON MALLET, Somerset LAUNDERETTE & COMMERCIAL LAUNDRY

Key Information

Reference

Q35839X

Tenure

Leasehold

Status

For Sale

Region

Somerset

Sector

Launderettes

Annual Sales

£72,334.00 Exc. VAT

Accommodation

No

Business Information

Thriving LAUNDERETTE, also undertaking COMMERCIAL LAUNDRY for which considerable demand exists, popular SOMERSET town, within easy reach of BATH and other popular towns to include WELLS and GLASTONBURY, plus the BATH & WEST SHOWGROUND from which seasonal boosts are received. Enjoying an easily accessible edge of town centre trading position, nestled amongst other businesses, close car parks and residential areas.

Well maintained and equipped premises, the subject of investment in new machines over the years, with regular gas and electrical safety checks undertaken and the relevant certificates held. Main front customer wash/drying area, offers 8 washing machines and 6 dryers, estimated replacement cost in region of £60,000. Inner Reception/Laundry Room, offers storage and ironing facilities, additional office, cloakroom and 2 car parking spaces. Favourable rent of less than £200 per week, receives 100% business rate relief.

Long established popular business, under current ownership in excess of 15 years, regular local trade from surrounding residents, lucrative commercial trade associated with hotels and holiday lets, with collection and delivery service available. Income 2023 £72,334, Gross Profit £65,411, masses of work available, some currently turned away. Trades 6 day week, 9.00am to 5.00pm, fully manned, option to introduce additional self-service opening hours through introduction of time locks.

Leasehold £54,950 sav Ref: Q35839X