Business Summary:
Commercial Linen Laundry Service
Confidentially offered for sale
Ref No: IB010
Location: Middlesex
Asking Price: £249,500
This company was established by its present owner in 2006, after working in the industry for approximately 20years for one of the largest and best known laundry companies who went into liquidation, leaving an opening in the market for a top quality laundry and linen business. The operation quickly established for itself a name and reputation for the friendly and professional service offered. This is a company that is prepared to go the extra mile and is a leading company in this sector, providing the supply and laundry service to over forty five contracted & non-contracted commercial customers. These include restaurants, hotels, bars, large apartment blocks and universities, a very broad customer base on which to grow the business further. Services include laundry, pressing, collection and delivery. There are many opportunities to develop this business further and it represents a very worthwhile investment opportunity.
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| Facilities / Terms of Lease:
Situated in an easily accessible business park the premises consist of a roller shutter leading to the spacious laundry of approximately 3,893 sq ft and including a storage room, kitchen and w/c, with offices above on the mezzanine floor.
This is a five year renewable lease with three years currently still to run. With a yearly rental of £25,000 and £10,500 rates payable, this is a business with low overhead |
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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 inception. As there is currently little, if any, advertising the owner is aware that a more active sales and marketing campaign, including the re-designing of the website, would certainly improve sales and profitability and will increase its market exposure and 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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| Owner
willing to train:
There will be a full and seamless handover made available to the purchaser for a period to be agreed as part of the overall negotiations. |
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| Reason for selling:
Due to conflicting family commitments the owner has reluctantly decided to sell this lucrative and growing business opportunity. |
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Seller Reference Number: IB010
BusinessMart.com Listing Number: 42939 |
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