Shop for sale

Belgrave Industrial Estate, Belgrave Road, Southampton, Hampshire, SO17

Leasehold 135 sq. m. | £188,750

Property Description

Commercial information

  • Business for sale
  • 1,453 sq ft (135 sq m)

Key features

  • REF 12386
  • LEASEHOLD BUSINESS
  • LAUNDRY BUSINESS

Full description

Tenure: Leasehold

LOCATION
Monarch Laundry Ltd is located on an industrial estate in Southampton, Hampshire.

The business is situated amongst a plethora of other businesses. There is a plumbing supplies store, window store, wholesale suppliers, vehicle repairs and much more. This is a busy industrial estate that receive a generous amount of trade.

The industrial estate is just off the A335, which is a main a-road through Southampton. The road runs from the centre of Southampton up to the M27 motorway which is great communication for collections and deliveries. This is a brilliant location for business as there are many great road connections and public transport links. Southampton airport is approximately 10 minutes away, and there are bus stops and train stations within a short walk from the premise.

BUSINESS
Hilton Smythe is delighted to welcome to the market Monarch Laundry Ltd. The business was originally established in the 1960's and has been a great success in this location. Our client first took over the business in 2004, but is now looking to sell the business due to retirement and health reasons.

The business provides an exceptional laundry service to the commercial sector. Services include collection and delivery throughout Hampshire, Dorset & Wiltshire, plus a 24 hour turn around service available when required.

They have had repeat trade with many large companies and businesses, such as hotels, ships, schools,
Colleges and sports centres. This is a great plus for the business, and allows the laundry service to generate a healthy 276,000 turnover per annum, with a gross profit of 45%.

Our client has run this business successfully, however, we feel the new owner could increase turnover further, by advertising and marketing. Free social media is a great way of attracting custom. The business does have a website www.monarchlaundry.co.uk explaining what the laundry offers.

The purchaser could also look to expand the business by adding another property. The owner could then focus on the private sector such as B&B's and residential. The business has a great reputation in this location due to the long establishment.

The business is virtually self- sustaining and we feel with the right buyer this business could achieve more. Hilton Smythe highly advise early viewing to any experienced purchaser.

PREMISES
The business is situated in a large industrial unit. The premise is well-signed. There is an entrance door that leads through to the office space and a large roller shutter door that heads to the open plan work area.

Equipment includes-
3 x dryers
5 x washers (3 automatic dosing systems)
4 x rotary irons
mobile storage racks
Spin dryer
2 x water tanks
Electric power points
Roller shutters
Office-
Telephone point
Desk
Computer
Printer

The premise is very spacious, perfect for the trade. There are two vans included in the sale, these are on hire purchase.

TENURE
We are advised the business is Leasehold.
Original lease length: 10 years
Left on the lease as of 2016: 5 years
Rent: 11,500 per annum

HOURS
The business is open-

Monday - Friday: 7am - 3pm
The business only opens on weekends throughout the summer if required.

STAFF
The business is run and managed by our client with the help of 8 members of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of 276,000 per annum.
With a gross profit of around 45%


Nearest stations

  • St. Denys (0.6 mi)
  • Swaythling (0.8 mi)
  • Bitterne (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • St. Denys (0.6 mi)
  • Swaythling (0.8 mi)
  • Bitterne (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 12386. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hilton Smythe, Bolton . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.