Business for Sale in Bilston, West Midlands - LAUNDERETTE & DRY CLEANERS – BILSTON, WEST MIDLANDS - Leasehold: £29,500

Key Information

Ref
Z34929K
Type
Service Businesses: Launderettes
Location
England: West Midlands
Tenure
Leasehold
Status
For Sale
Annual Sales
£56,000 Ex Vat
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Long Established Laundry and Dry Cleaning Business

Situated in a Residential Area of Bilston

Well Equipped Business with a Comprehensive Inventory of Equipment

Annual Turnover Approaching 56,000 with High Gross Profits

Low Leasehold Price £29,500

Description and Trade:

This established Laundry and Dry Cleaning Business is well situated in a small parade of shops in a residential area of Bilston.

It has been in the present owner’s hands for many years and is now offered for sale due to the owner’s pending retirement plans.

Premises:

The Premises comprise several rooms on the Ground Floor, including:

  • Main Laundry Room (14’6” x 34’9”)
  • Office/Service Room (16’3” x 13’9”)

To the rear is:

  • Dry Cleaning/ Ironing Room (21’6” x 11’6”); w.c. and storage areas.

There is a comprehensive inventory of equipment included in the sale. A selection of washers, driers, ironing tables, dry cleaning machine, press, clothing rails and other items of inventory for the trade.

Accommodation:

There is no living accommodation.

Comments:

A long established and locally well-known Laundry and Dry Cleaning business with a consistent recent trading history.

Our Client Informs Us That:

Takings:

Annual Sales for year ended April 2020 were £55,911, with High Gross Profits of £52,021 (93%) after adding back staffing costs.

Trading Hours:

Normal trading hours are:

10.00am – 7.00pm Monday to Friday

9.00am – 4.00pm Saturday

Closed Sunday

(But trading hours are presently reduced during the Covid lockdown).

Tenure:

The Premises are held on a lease until April 2021 and is renewable thereafter. Present rent payable is £9,360 per annum.

Price:

Realistically Priced at £29,500 for the lease, business, fixtures and fittings.

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