The corporate team from Cheltenham-based BPE Solicitors have acted for a new management team in their acquisition of the trade and assets of Bath-based Regency Laundry.
Originally called Bath Steam Laundry, it was established in 1879 and is one of Bath’s most well-known and respected family-run laundry companies. It is also one of the country’s oldest commercial laundry operations.
The acquiring management team has experience in commercial laundries gained from owning and running similar businesses over many years. They aim to modernise the business practices of Regency in order to meet the challenges of operating in a highly competitive sector, as well as aiming to expand the business into new regions and markets.
The acquisition, headed by BPE Partner, Dale Williams, also included a deal to lease Regency’s principal operating property from the previous owners for a five-year period after which they will relocate the business to a new, modern premises.
Dale said “We are delighted to work with team at Regency Laundry; it’s always a pleasure to see an old established business being given a new lease of life.