| (REF: 2044) Laundrette for Sale in Essex |
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| Seller Reference: |
2044 |
| B4S Reference: |
25445 |
| Asking Price: |
£85,000
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| Net Profit: |
£15,000 |
| Sales Revenue: |
£31,200 |
| Number of Staff: |
1 |
| Established For: |
2 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Hadleigh, Essex, United Kingdom |
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The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £32000 with a net profit of £15000. (See financial summary below).
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for couple or partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides Laundry Services Ironing and collections and deliveries.
History
Phoenix Business Transfer Agents are delighted to place onto the market The Laundry Basket which has been established since 2009. The business has been in the hands of the current owner since 2009 and 2011 now wishes to sell due to spending more time with the family.
Services
This very good business opportunity provides Laundry Services Ironing and collections and deliveries..
Staffing
The concern employs 1 staff
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business in Indoor & Outdoor Magazine and Hadleigh and Benfleet Magazine
Competition
There is no local competition.
Market
The client base consists of Locals and passing trade
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include late evenings and all day Sunday.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
The present annual turnover is £31200 with a gross profit of 70% and a net profit of £15000. The wages are £7000. The present value of the stock is £500.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
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Property: |
Leasehold |
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Lease Terms: |
The original length of the lease was 5 years with 3.5 years remaining. The rent is £8500.00 p.a. with a review in 1.5.years the lease may be renewable or negotiable for longer term if required. The rates are £620.00.p.a. |
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Current Rent: |
8500pa |
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Living Accommodation: |
No |
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Location: |
- Situated in London Road area of Hadleigh in Essex.
- Prominent location on main arterial road
- Part of a parade of shops in the local shopping centre
- Excellent parking facilities to front.
- Industrial estates nearby
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade
- Good volumes of traffic and pedestrian flow
- Commercially thriving area
- Well linked with the A 13 and A 127.
- Area enjoying much growth and regeneration.
- A lifestyle area
- Excellent local demographics for this type of area.
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There is no local competition. |
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The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include late evenings and all day Sunday.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.
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The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made. |
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wishes to sell due to spending more time with the family. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday to Friday 7.30am -7.00pm
Saturday 9.00am - 5.00pm
Sunday 10.00am - 4.00pm
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The concern employs 1 staff
The owner is involved in the day to day running of the business. |
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