Buy a business

Coin Operated Laundrette

Chard, Somerset

Advert ref: 1809JMH

Business partnership is proud to be involved in the retirement sale of a local laundrette with the opportunity for growth and expansion. This is a very well- equipped laundrette which is easy to manage and can be operated on a part time basis as is the case currently.

Key features:

  • Local facility in large residential location.
  • Well equipped with a large number of machines.
  • Easy to manage business with no daytime staff required.
  • Attractive property in a small parade of shops and car park.
  • Well maintained equipment and services.
  • Large premises complete with space of expansion with additional services.
  • Long established business with loyal customers.
  • Ample access to equipment spares and maintenance support.
  • Centralised utilities for heat and hot water. 
  • Regularly used by local retirement homes.

Property Details: Leasehold
Asking Price: £23,500 (Leasehold)

The business is situated on a parade of shops within a large residential area where there is a combination of both privately owned and council properties. Situated on the outskirts of this popular and vibrant town centre.

Premises Details:

These well maintained premises are contained within a parade of local shops and benefit from a small car park to the front.

Size in Sq Ft: 860
Planning Consent:
The appropriate planning consents are already in place.

Lease Terms:
The current lease is for 5 years commencing 19th December 2019, the rent is £10,000 pa plus VAT and payable quarterly in advance. There is an annual service charge which is variable and in the year to April 2021 was £1,210., typically £224 plus Vat per qtr. The lease obligations are restricted to internal repair and maintenance. 

The current owners have been involved in the business for many years and have enjoyed lease renewals so we don't believe that there will be an issue at the end of the current lease. This is an investment property so will continue to require a tenant. 

In addition, the ingoing tenant will need to replace a rent deposit which is currently £3,502.31 this will be returned to the tenant on resale.

Reason For Selling:
The two owners are of advanced years and looking to retire.

Coin Operated Laundrette Chard, Somerset

Financial Details

  • Leasehold: £23,500
  • Turnover: undisclosed