Busy Dry Cleaners In Prime Croydon Location For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £52,000with a gross profit of £45,000. (See financial summary below).
- A business with great potential.
- An easily run operation.
- A good first time buyers business and ideal purchase for couple.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides dry cleaning and alterations.

History
Phoenix Business Transfer Agents are delighted to place onto the market this busy dry cleaner which has been established for over 45 years. The business has been in the hands of the current owner since 1998 and now wishes to sell to spend more time with family

Services
This very good business opportunity provides Dry Cleaning, & Alterations..

Staffing
The concern employs no staff at the time.
Owners Role
The owner is involved in the day to day running of the business.

Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.

Competition
As far as competition is concerned there is another similar business locally.

Market
The client base consists of local trade

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include later evenings..
• Increasing the product line to include shoes repairs, key cutting.
• Becoming more efficient with staffing levels.
• Increasing business trade with local hotels.
• With the introduction of agency.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 20 years with 8 years remaining. The rent is £8,500 pa with a review in 5 years The rates are £2000.The rent will be nil up to December 2011.

Leasehold rent:

£8500 per annum per annum

Location:

- Situated in a very busy area of East Croydon in Surrey.
- Prominent location on main arterial road
- Part of a parade of shops which is part of the local shopping area.
- Excellent parking facilities.
- Industrial estates nearby
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade
- Good volumes of traffic and pedestrian flow
- Commercially thriving area.
- Area enjoying much growth and re generation.
- A lifestyle area
- Excellent local demographics for this type of area.

Premises details:

The property is terraced and a corner plot. The front is branded with an attractive glass front. The main customer service area is a wooden floor with shelving and racking to the walls. It is very well presented and is very conveniently laid out.

To the rear is a store room. There are a toilet and staff facilities and a kitchen area.
Large Basement Area

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include later evenings..
• Increasing the product line to include shoes repairs, key cutting.
• Becoming more efficient with staffing levels.
• Increasing business trade with local hotels.
• With the introduction of agency.

Competition / Market:

As far as competition is concerned there is another similar business locally.

Reasons for selling:

wishes to sell to spend more time with family

Trading hours:

Monday to Saturday 08.00am – 6.00pm

Employees:

0

Years established:

45years

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£15,000 (included in the asking price)