buying a business

Commercial Laundry Business

Overview

  • Location
    Isle of Man
  • Sector
    Services
  • Relocatable
    Yes
  • Asking price
    £280,000

Description

The recent pandemic has very much shown the importance of this type of business in keeping the Island running with it being designated an “essential service provider” It has a wide range of Government and commercial businesses on its books.

A considerable amount of specialist equipment comes as part of the sale with the option for operations to either remain at its existing site or to move to larger premises in order to further scale up operations.

Key infrastructure businesses like this don’t come up that often and this business is the perfect acquisition opportunity after such a volatile trading period for most Island retail businesses. This well-established business has been running for decades and has a wide range of both domestic and commercial customers within a variety of different sectors on the Isle of Man. These range from the day to day supporting of hotels and hospitality businesses, the cleaning of hygiene sensitive uniforms for food producers, and supporting other key infrastructure clients on the Island.

This is a business that is not only able to show many years of successful growth on its books but which could also be scaled up considerably if relocated from its existing footprint.

WHAT IS INCLUDED?

·         Decades of goodwill and strong customer loyalty

·         Comprehensive large-scale wet laundry equipment

·         Access to a very mature customer book

·         Expansion and relocation potential.

PRICE

We are looking for offers circa £280,000.                                                                                 

FURTHER INFORMATION

If you are prepared to sign a Non-Disclosure Agreement you will receive:

•             A copy of the last three years accounts

•             A detailed list of all inventory & equipment going with the sale

•             A copy of the proposed new lease & any other information you may require

Should you require any further information please don’t hesitate to contact us

Facts and figures
  • Decades of goodwill and strong customer loyalty
  • Comprehensive large-scale wet laundry equipment
  • Access to a very mature customer book
  • Expansion and relocation potential.

Thinking about selling?

if you are thinking about selling or ready to sell then let’s talk! We are happy to have an initial consultation to talk about what the market looks like and what the demands are for your type of business and take it from there. Everyone has different reasons for selling and our service is bespoke to allow for all of those scenarios. They could be retirement, ill-health or a planned exit strategy.

I have a business to sell
Thinking about selling?

Signature Acquisitions combine a personal approach with a good understanding of client needs and the market.

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Sounds good? Get in touch.
Danielle Dennis, Sales Support, Administration & Marketing Officer