Keenly priced, well-established business

Written by Theresa Tyack Friday, 15 January 2010 14:35

For anybody considering self-employment the well-established Clothes Press Laundry, which has recently been reduced in price, might be of interest. The business, which is located on Stennack Road on the Holmbush Trading Estate, has been successfully operating since 2004 from a modern unit of block construction with 2 parking spaces. It extends to 52.3 sq m, most of which is taken up with production space, and a small office/counter facility to the front. It is being offered with a comprehensive range of laundry equipment and training would be provided by the current owners.

The premises at 88 Stennack Road is being offered with the benefit of a lease being extended to January 2012, at a current passing rental of £4,000 per annum.

The business trades successfully however, the current owners are keen to settle into retirement and it is considered there is tremendous scope to increase the level of trade which is currently being enjoyed. Sales for the year ended April 2009 were £52,000 generating a reconstituted net profit of over £30,000.

The business, which was originally being marketed off a guide price of £60,000, has now been reduced to £39,950 to achieve an early sale.

Richard Gilbert in our Business Transfer Department comments, "Given the now very competitive asking price, the fact it produces a RCNP of £30,000, means it is generating a superb return on capital invested. It is well worth an early viewing".

For full details contact Richard Gilbert on 01872 247027

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