Launderette & Commercial Laundry For Sale

Description

Well-established launderette and commercial laundry business for sale, operating under the same family ownership for more than 30 years. The business occupies a prime trading position in the centre of Tavistock, forming part of the popular Pannier Market development. The location benefits from excellent pedestrian and vehicle access, with free on-street parking available to the rear. Surrounded by a wide variety of retail and hospitality businesses, customers can conveniently make use of local amenities while their laundry is being processed.The business occupies attractive corner premises extending to approximately 1,100 sq. ft., with an efficient layout and well-established operating systems. The premises are fully fitted and equipped for commercial laundry operations, including recently replaced washing machines with a substantial replacement value.The accommodation includes:* Customer reception area.* Washing area with six machines.* Drying area with eight machines.* Pressing and ironing station.* Laundry storage area.* Additional storeroom.* Staff kitchen and cloakroom.* Plant room.The property is available on favourable lease terms, with no business rates currently payable.Established in 1994, the business has built an outstanding reputation with limited local competition. Operations are fully attended, with approximately 50% of turnover generated from domestic customers and 50% from commercial clients. Domestic trade is further divided between self-service laundry and service washes.A loyal customer base generates a high level of repeat business. The company also provides a collection and delivery service and serves a broad range of commercial customers, including Airbnb properties, guest houses, restaurants, and pubs.The business operates six days per week from 8:00 am to 5:00 pm. There is clear potential to increase turnover by extending opening hours, introducing Sunday trading, and offering dry-cleaning agency services.Financial ProfileAnnual turnover for 2025 totals approximately £233,251 excluding VAT. The business enjoys strong levels of trade throughout the year, with particularly high demand during the summer months.