Successful Sale of Laundreze in Huyton
We are pleased to announce the successful sale of Laundreze, a well-established laundry and dry-cleaning business situated in the heart of Huyton. Having been under the ownership of our client since 2018, Laundreze has built a strong reputation for its comprehensive laundry services, including Electrolux wet cleaning, and its user-friendly website, which enables customers to conveniently book services, collections, and deliveries.
The business benefits from an excellent trading position within a busy parade of shops, attracting both a loyal customer base and substantial passing trade. Despite its continued success, our client decided to place the business on the market due to increased commitments elsewhere. This sale represents an exciting opportunity for the new owner to build upon the firm foundations already in place and further expand the business.
Prime Location & Fully Equipped Premises
Laundreze operates from a well-positioned mid-terraced property on a main road, surrounded by both residential and commercial properties. The area is well-served by public transport and offers easy access to major road networks, including the M62 and M57, with parking available directly outside.
The premises are well-equipped, featuring a prominent shopfront with large branding and signage, a self-service counter, and designated areas for workshop and dry cleaning. Additional facilities include a dedicated washing room, staff kitchen, and toilet facilities. All fixtures and fittings, including washing machines, dry cleaning machines, a topper, Hoffman press, and spotting station, were upgraded in 2019 and are included in the sale.
Strong Financial Performance
Laundreze has demonstrated consistent financial stability, with accounts for the year ending 30th September 2023 reporting an annual turnover of £73,982 and a gross profit of £66,613. The business has been successfully operated by the outgoing owner, supported by a dedicated team consisting of one full-time and one part-time employee. The premises are secured on a Full Repair and Insure (FRI) lease, with a 15-year lease term that commenced in 2019 at a rental rate of £220 per week.
Comment from Amy Page, Business Broker
Commenting on the sale, Amy Page, who facilitated the transaction, stated:
“Laundreze is a well-established business with a fantastic reputation in the local community. The sale presented a superb opportunity for a new owner to take over a thriving enterprise in a prime location. We are delighted to have secured a successful outcome for our client and wish the new owner every success in continuing to grow the business.”
A Bright Future for Laundreze
This long-established business has a solid foundation and ample potential for growth. With opportunities to enhance marketing efforts and expand its online presence, the new owner has a promising path ahead. We extend our best wishes to both the buyer and seller in this successful transition and look forward to seeing Laundreze continue to thrive in Huyton.
For further information on this or other business sales, please contact us on 0333 370 0000.
To find out more about the market, or for a confidential chat about your business options, please contact [email protected] or 0333 370 0000.
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