Launderette and Dry Cleaners For Sale in Lytham St. Annes with Rental Flat Available

Description

CoGoGo is handling the sale of a freehold laundrette with a two-bedroom flat in Lytham St Annes.

Location

Location: Lytham St Annes

Nearby: sand dunes, beaches and North Promenade

Trading history

Ownership period: more than 40 years

Reason for sale: retirement

Customers

Customer groups:

• Local residents
• Bed and breakfasts
• Hotels
• Airbnb operators

Financial figures

Annual turnover: £66,613

VAT registration: turnover currently kept below the threshold

Current operation

Current workload: reduced by the owners for lifestyle reasons

Washing and drying are handled by commercial coin-operated machines.

Dry-cleaning jobs are sent to an outside provider. The laundrette keeps a 25% commission.

Ways to grow

• Take on more trade customers
• Use social media to advertise locally
• Add a collection and delivery service

Ground floor

• Retail laundrette
• Rear laundry room
• Utility room
• External yard
• WC
• Double-garage outbuilding

First-floor flat

Bedrooms: two

Access: independent

Current tenancy: assured shorthold tenancy

Monthly rent: £590

Possible future uses: owner accommodation or holiday letting, subject to the tenancy and any other requirements

Tenure

Freehold

Energy rating

EPC: Band B