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
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.