business for sale

Well Equipped Launderette Modern Washing and Drying Facilities Situated in Busy Street

Businesses for Sale

Sale Memorandum

Well Equipped Launderette

Modern Washing and Drying Facilities

Situated in Busy Street


Ref.AP010

Location London, Central London

Asking Price £ 69,000

Confidential offered for sale

Asking price includes:

Turnover circa £60,000 per annum
High margins
Comprehensively fitted
Low overheads
Affluent & Cosmopolitan Location
Goodwill
Handover & Training
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 busy Central London launderette was established by the current owner in 1993. It is located in a busy street amongst many shops and residential apartment buildings from where most of the customers live.

The launderette occupies circa 450 square feet accommodation.

It features modern washing and drying facilities with a variety of capacities as follows:

• Eight small washing machines
• Two large washing machines
• One extra large washing machine
• Eight tumble dryers

In addition to washing and drying, a dry cleaning and shirt ironing service is provided. This is sub contracted to another supplier with a 24 hour turnround.

To ensure best performance and longer life of the machines, all water is softened. A large capacity tank and boiler are installed.

Customer Service

High levels of personal service are provided to all customers most of whom use the facilities on a regular basis.
Advertising and Marketing

No marketing effort has ever been used to generate additional business. The launderette would undoubtedly benefit from regular advertising and leaflet distribution campaigns.


Business Hours

Business hours are as follows:

8.30am to 8.00pm Monday to Friday
9.00am to 8.00pm Saturday & Sunday
Financial profile:
The business is being offered for sale on an ongoing concern basis: all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The current turnover is circa £60,000 per annum.
Employees

Two part time staff are employed to cover the morning and afternoon/evening shift
Reason for Sale

This is a genuine retirement sale.
Support and Training

A full training, handover and familiarisation period will be provided to the new owner.
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
  2. Print the confidentiality agreement
  3. Sign the confidentiality agreement and fax each page of the document to 0870 432 3611
  4. We will contact you and put you in touch with the seller of the business.

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