Launderette acquisition: healthy takings, but a company less than two years old

The background

The launderette's weekly takings were healthy and the buyers could see the potential clearly. But the company behind it was less than two years old — and that shaped how lenders read the risk.

The sticking point

Most lenders want to see a long track record of stable income before funding an acquisition. With under two years of trading history, the accounts alone could not tell the story of a stable, growing business — no matter how healthy the weekly numbers looked.

The way past it

We helped the buyers write a strong Business Plan: realistic cash-flow projections demonstrating comfortable affordability of the monthly repayments, supported by the business's growing service-wash contracts. The plan connected the short trading history to a clear, credible trajectory — giving the lender the forward-looking evidence the accounts could not.

The result

The lender was satisfied with the strength of the plan and the underlying trade. The £220,000 facility was approved and the acquisition completed.

The acquisition completed.

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