Exmouth Laundry Services was established in 1973 and acquired by Lindsay and Teresa Norris in 2008 and provides a domestic and commercial laundry and dry cleaning service. As the business has evolved the commercial element has grown to represent 75% of the trade and the business has become established in a niche sector offering a superior level of service and a quality performance to up-market hotels, holiday lets, catering establishments, care homes and hairdressers.
The business has never stood still in adapting to developments and in 2013 replaced its dry cleaning service with the Electrolux ‘Professional Wet Cleaning System’ which is more efficient, effective and profitable. Additionally, the business recently introduced a new press which, with its superior performance not only provides an excellent finish to sheets etc but has meant that the step of tumble-drying is not required.
However, Lindsay Norris was attracted back to his engineering profession and upon being offered a job out of Devon, meaning a relocation for him and his wife, he decided to put the business on the market. He chose to instruct Exeter based specialist business transfer agents, Beardsley Theobalds. Interest was shown from people already operating in the laundry trade and were looking to expand their own operation and from several people were looking to diversify their own business interests. The business was bought by an Exeter couple just in time to benefit from the summer season trade.
Marketing price £50,000