Smethwick, B68

Leasehold Launderette Located in Warley Woods For Sale

Fully Equipped With New Machines

Ref 2335

Location

This delightful Launderette is located within a prominent and highly visible trading position on Pottery Road, Warley Woods in Smethwick. Nearby shops include a post office & stores, butchers, mobile phone shop and pub/restaurant. The immediate area is densely populated with residential properties and gives easy access to the A4123 Wolverhampton road which connects to the M5 motorway which is a gateway for the M6 & M42 motorway.

Asking Price: £37,950

Business Description

Veritas Business sales are delighted to offer for sale this respected Launderette which is located in Warley Woods. The business was established by my client back in March 2017 and is reluctantly being offered for sale due to other pressing commitments taking priority. Since ownership my clients have invested in brand new machinery along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Warley woods Launderette is overseen by its owner but operated day to day by 1 part time staff member and has an average weekly turnover of circa £700. Although this is a coin operated launderette they offer service washes and an ironing service. A majority of the work comes from the general public but they do some corporate work for hotels, guest houses, hairdressers and sports clubs. Other services include dry cleaning, clothing alterations and carpet cleaning where they are just agents and sub contract the work out. We believe that there is further potential to increase trade should you wish as the business is still in its infancy and would benefit from an owner operator that could bring some of the sub contract services in house. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase a fully equipped business with huge growth potential which is a great base to build upon and as such early viewing is highly recommended as this superb business is not to be missed.

Leasehold

Original term: 3 years (Renewable)

Remaining: 7 months

Rent: £6,000 pa

Business rates: zero

Opening hours

Coin operated hours

Monday - Sunday - 8.00am - 8.00pm

Manned hours

Monday - Friday - 8.00am - 10.00am

Saturday - 4.00pm - 6.00pm

Ground Floor

Retail shop area comprising: JLA 10 KG commercial washing machine, 2 x JLA 13 KG commercial washing machines, JLA 18 KG commercial washing machine, 4 x JLA 14 KG commercial tumble dryers, JLA 23 KG commercial tumble dryer, customer seating area and a worktop. Ironing room with an ironing table, steam iron (Morphy Richards), condensing water heater (Rinnai HD), water tank and finished clothes hanging rail. W/C with wash basin.

External

Small rear yard. Frontage with off road parking for (2).

The property benefits from a CCTV (4 camera system) and a monitored intruder alarm.