The company provides laundry services primarily the management of clients’ own linen. Monarch Laundry’s client base is predominantly commercial, with 75% commercial and 25% domestic.
The business offers the following services:
Linen hire
Domestic laundry and ironing
Shirt services
Dry cleaning
Alterations and repairs
Formal wear
Elderly care
Soft furnishings
Duvets and pillows
Curtains and blinds
Marquee linings
Chef whites
Work wear
Sports kits
Tablecloths and napkins
The business is a freehold opportunity and operates from two 3,500 sq. ft units with a brick-and-mortar value of £600k although our client is willing to provide a new lease subject to terms.
One unit contains twelve washing machines, three dryers, racking, folding tables and a plastic seal and wrapping machine.
Unit ten has two table irons, a shirt machine, collar and cuff press, two industrial flatwork irons and a folding and stacking machine.
The 2nd unit is also set out to include the shop area with counter service, hanging rails and racking space that includes a workspace.
Furthermore, the property has a designated area for vans to load and unload goods.
The business has 21 staff members including a second-tier management team that consists of a washing supervisor, ironing
supervisor and drying supervisor.
| Turnover (£'000) | Adjusted EBITDA (£'000) | |
|---|---|---|
| 2022 (Actual) | 1,132 | 356 |
| 2023 (Actual) | 1,228 | 452 |
| 2024 (Actual) | 1,367 | 555 |
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