Business Summary:
Commercial Linen & Laundry Service
Confidentially offered for sale
Ref No: CH056
Location: East London
Asking price: £145,000
plus Linen at Valuation
This company was established by its present owner / director in 2003 who spotted an opening in the market for a top quality laundry and linen business. The operation quickly established itself as the regions leading company in this sector, providing the supply and laundry service to over fifty contracted restaurants.
Services include laundry, ironing, free collection and re-delivery. The business benefits from a very high profile location in the town. There are many opportunities to further develop this business and it represents a very worthwhile investment opportunity.
This service is supplied by a well-established, professional and close-knit team of staff who understand the importance of customer service in this competitive yet rewarding environment.
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| Facilities / Terms of Lease:
The business operates from leasehold premises in central east London. There is currently one year remaining on an existing five-year lease. Annual rent is charged at £13,200 with rates charged additionally at £2,760 per annum.
The premises measures circa 2,500 square foot on a prime industrial estate. The premises have an office with storage area plus toilets and parking for twelve vans/cars. |
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| Potential
Growth/Expansion:
There is a great opportunity to develop the commercial side of the business inline with the current domestic market the business serves so well. Because of its location the business is well positioned to develop this opportunity alongside its present commercial operation within its current location. Such development would also see a parallel growth in the domestic operation.
This would enable the business to fully develop its range of services and offer a complete in-house turnkey operation to meet all clients needs.
The business could also benefit from the development of a website, together with more active sales and marketing activity in general to further increase its market exposure and increase revenues. The implementation of some form of database management would also ensure the business fully maximises the opportunities its large customer bank represents |
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| Competition:
Much of the business's revenue is a result of word of mouth recommendation, bearing strong testimony to the excellent reputation enjoyed by the business since its inceptions five years ago. The business also maintains a good local profile due to its excellent location, which provides good visibility. The business is aware that a more active sales and marketing campaign, including the development of an informative website, would certainly improve sales and profitability. |
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| Owner
willing to train:
Support and training will be provided to the successful purchaser if required. |
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| Reason for selling:
The current vendor is selling the business due to ill health. |
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Seller Reference Number: CH056
BusinessMart.com Listing Number: 35219 |
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