Victoria Business Park, PL26

Laundry & Linen Hire Business Located In The South West
State Of The Art Technology
Highly Profitable

Ref 3011

Asking Price £269,950

Location

South West of England.

Business Description
Veritas Business Sales are delighted to offer for sale this established Laundry & Linen Hire business which is located in the South-West of England. The business has been established for over 13 years and has been in the careful hands of the current owners for the past 5 years and is now being offered for sale so that they can enjoy a well-deserved retirement. Since ownership there has been continual investment in state of the art plant & machinery along with fixtures & fittings which are bought and paid and are 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. Some items of equipment remain on lease. The business is owner operated and employs the help of 7 full time members of staff and a number of seasonal staff members depending of the time of year. The annual turnover is circa £500,000 net of vat producing an extremely high net profit. The business services a variety of commercial clients and property owners who provide holiday homes to the many visiting tourists throughout the year. They use eco lab environmentally friendly cleaning products and only the best Egyptian cotton linen.
We believe that there is further huge potential to increase trade should you wish by expanding further afield within the local area. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established concern which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed