* Freehold
* Retirement sale after 17 years here
* Excellent reputation amongst their commercial customers - superb returning customer base
* Impressive range of commercial washers and dryers
* 20% gross profit margin
* Huge potential for much more
Freehold commercial laundry & dry cleaners in Northumberland for Sale.
This is an outstanding commercial laundry and dry cleaning business which was
founded over 40 years ago and is one of the largest independent operators in
Northumberland. The business is only reluctantly offered for sale by the
owners due to their overdue retirement. Well established since 2005, the
business is set in a desirable location with no competition in the local area.
The business has over 40 regular customers and provides its services
predominantly to other commercial enterprises such as guest houses, hotels,
restaurants etc and this is continuing to grow. There is also a company van
included in the sale. The concern offers huge scope for enthusiastic, new,
younger owners, the current vendors are continually expanding the business
with targeted mail drops, utilising a web site, social media sites, targeted
mail drops and a network of agencies. Turnover available on application. In
addition, the dry cleaning business provides services direct to the public
utilising the same marketing channels. Profits could be increased by marketing
the business to potential new clients. Currently the business enjoys an
excellent reputation. The business boasts a gross profit of 20% and has
considerable potential for expansion. The current owner, a former sales and
marketing director of a plc, has written a business development plan which is
included in the sale. Many recent improvements have been undertaken here to
ensure the business runs smoothly such as a new hot water boiler and a new
apex roof having been installed within the last two years and a complete
refurbishment of the large washing machines including a new water pump,
replacement bearings, power supplies and drive belts. Viewing here is highly
recommended – huge potential. The premises are situated to the north of
Newcastle, close to Morpeth, adjacent to a busy main road and briefly comprise
newly refurbished, spacious ‘sales shop’ laundry with an impressive range of
new, modern commercial washers, dryers and new shelving, leading through to
plant and store room with dry cleaning and finishing room beyond. Clean
laundry store and WC. Included in the sale is a commercial vehicle.
EPC Band E.

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