business for sale

Commercial, Retail and Domestic Laundry and Cleaning Business

Businesses for Sale

Sale Memorandum

Commercial, Retail and Domestic Laundry and Cleaning Business


Ref.IB007

Location Wiltshire

Asking Price £ 210,000

Confidential offered for sale

Asking price includes:

Well established commercial and domestic laundry and dry cleaning business.
Substantial number of rolling annual contracts.
Sales of circa £200,000 per annum
Significant investment in equipment
Sales that are growing year on year
Established client/customer base
Computer administration system
Fantastic opportunity to grow
Good advertising base
Informative Website
Training and handover
Excellent reputation
Good profit margins
Excellent premises
Great location
Vehicles
Goodwill
Finance available to buy this business subject to status. All regulated business is passed to independent financial advisors who are regulated by the FSA

Business profile:

This company was established by its present owner / director in 2004 who spotted an opening in the market for a top quality laundry and dry cleaning business. The operation quickly established itself as the regions leading company in this sector and has focused on three main areas of operation.

Firstly as a retail business it has approximately five hundred clients some of whom travel from twenty to thirty miles to have their washing, ironing and dry cleaning done. The business has built itself an enviable reputation for providing friendly, high quality service at competitive prices. This is supplied by a well-established, professional and close knit team of staff who understand the importance of customer service in this competitive environment.

Due to their proficiency they have also successfully diversified into the domestic cleaning market and have a solid client base of householders who rely on the cleaning teams who visit them on a regular basis.

The commercial arm of the company specializes in large contract work and has built up a portfolio of twelve on going contracts with blue chip clients such as the MOD, hotels, restaurants, and bed and breakfast businesses. Some of these clients also make regular use of a linen hire facility which further enhances customer loyalty.

The operation has also moved outside the normal perimeters for the industry developing additional revenue streams with innovative ideas such as horse laundry. Due to the high standards they have adopted since day one they now work with leading medical companies, insurance companies and carpet cleaning operations.

Equipment:

The company has regularly invested in good quality capital equipment on an ongoing basis allowing it to keep pace with demand and maintain standards as the business developed. A full inventory will be available on request.


Key Strengths:

Excellent commercial contracts.
Sound management.
Well located for both commercial and retail business streams.
Premises:

The business operates from two locations.
The retail shop is well positioned on a key main road location close to a very significant housing development. The premises are leasehold at an annual rent of £5720.

The commercial arm of the business is positioned on a new business park within walking distance of the town centre. It covers a total of 1200 square feet and has parking for two vehicles. The lease is for 5 years at an annual rent of £9000 plus VAT.
Advertising and Marketing:

The business maintains a good local profile and advertises in two local magazines and some free issue papers. The company has a developed a good web site which is well optimised
Financial profile:
Financial information will be made available under the auspices of Turner Butler and subject to the normal letters of confidentiality being signed. The business is well on target to produce a turnover of £200,000 with a net profit being in the region of £55,000. A complete asset register will be available
Employees:

In total there are sixteen members of the team all of whom are employed on a part time basis. The domestic cleaning arm consists of two teams of two operatives. The retail outlet has three part time assistants and the commercial operation has one part time office manager, one part time driver and eight part time general operatives.
Support and Training

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.
Reason for Sale:

The founding director has a number of commercial opportunities that she would wish to pursue.
Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner & Co (GB) Limited registered in England and Wales under company no. 2477988 of registered office Savoy House Savoy Circus London W3 7DA, trading as Turner Butler © Shaun Sweeney October 2006

Next steps

If you are interested in finding out more about this business please:

  1. Click here to generate the Confidentiality agreement with your details
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  4. We will contact you and put you in touch with the seller of the business.

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