| (REF: KT001140) Quality Launderette With Accomm - West Kent |
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| Seller Reference: |
KT001140 |
| B4S Reference: |
28304 |
| Asking Price: |
£110,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£130,976 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Undisclosed, Kent, United Kingdom |
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BUSINESS
Established as a launderette in 1967, the business has been owned by our clients since 1979 and they are now wishing to retire.
Apart from being a coin-op launderette, which is staffed during opening hours, a number of other services are now offered including: dry cleaning, a fully finished laundry service, service washes, an ironing service, a duvet service and a delivery and collection service.
In addition to the regular customers who visit the launderette, the business has many account customers including; a rugby club, 2 activity centres, a conference and wedding centre, 12 football clubs, 4 playschools and a number of outside catering firms.
There is scope to introduce a website and expand these various services, if so desired.
In addition to this excellent business, there is a self-contained three bedroom maisonette above, currently let with an incoming of £7,860 pa. This accommodation could be vacant, if so desired.
Also included in the sale is a sign-written, 2003 registered, Ford Transit Connect delivery van.
BUSINESS PREMISES
The business is housed in a very well presented,
3-storey, end of terrace property which is arranged as follows:
Ground Floor
Outside - the premises have an aluminium fully glazed shop front with a central entry door and an eye-catching fascia above.
Inside
The Launderette - (4.7m x 6.3m) is presented to a high standard and equipped to include: 2 low benches, a coin operated soap dispenser, a weighing station with Salter scales, 7 x 8 Kilo Maytag washing machines, 5 ADC gas-heated tumble dryers and a serving counter with a Samsung electric till. Door to:
Workroom - (8.3m x 4.8m) which is well equipped to include: a Multimatic dry cleaning machine, a worktop with drawers under, a JLA 40lb washing machine, an Ipso 35lb washing machine, a 20lb Viking spinner, various hanging rails and shelves for finished garments, 1 speedy press, 2 Magpie steam ironing tables and a 1.4m wide Viking roller iron. Door to:
Staff Kitchen - with a worktop, shelving and a single sink unit.
Lobby - with a further sink and a staff WC.
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.
PRIVATE ACCOMMODATION
Accessed via an external staircase at the rear of the property is a two-storey, 3 bedroom maisonette with sitting room, kitchen/diner, bathroom, 3 storage cupboards and a roof garden.
The property benefits from UPVC windows throughout and has recently undergone major redecoration.
OUTSIDE:
To the rear of the property, there is private parking for two cars.
TENURE
The property is held on a secure 8-year lease, commencing April 2009 with a current rent payable of £18,500 pa.
The rent will be reviewed in April 2013.
RATES
RATES:
The business rates currently payable are £2,200 pa.
TRADE
The turnover shown in the certified trading accounts is as follows:
Y/e 31st March 2008 £131,780
Y/e 31st March 2009 £123,357
Y/e 31st March 2010 £131,315
Y/e 31st March 2011 £130,976
These figures do not include incoming rent of £7,860 pa for the accommodation.
Please note: All figures exclude VAT.
HOURS
Monday to Friday 7.00am - 7.30pm
Saturday 7.00am - 4.30pm
Sunday 7.00am - 2.00pm
STAFF
9 part-time
2 Owners part-time
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Property: |
Leasehold |
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Living Accommodation: |
Yes |
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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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