Dry Cleaners In A Busy Town Centre For Sale

Business description

Business Details
The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- An established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £20,000 with a net profit of £6,000 (see financial summary below).
- A business with great potential which has not been exploited by the present owner.
- An easily run operation.
- Low rent and rates for the area.
- Very low overheads.
- A niche concern with no competition.
- Business enjoys superb local reputation.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Dry Cleaners which has been established since 2009. The business has been in the hands of the current owner since inception and now wishes to sell due to other business commitments.

Services
This very good business opportunity provides dry cleaning, laundry services, alterations, carpet and rug cleaning.

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
There is no local competition.

Market
The client base consists of local residents and passing trade.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the opening hours to include late evenings and Sundays.
• Secure catering and restaurant contracts for laundry services.
• Introduce a delivery and collection service.
• With the introduction of a website and e-commerce.

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 DETAILS
The property is terraced, part of a parade of shops and is approximately 50 ft x 20 ft. The front is branded with an attractive glass front. The main customer service area is tiled with shelving and racking to the walls. It is very well presented and very conveniently laid out.

To the rear is a store room. There is a toilet, staff facilities and a fully equipped kitchen.

EXTERNAL
To the front there is parking and to the rear is a loading area.

EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £7,000.

FINANCIAL DETAILS
The present annual turnover is £20,000 with a gross profit of 90% and a net profit of £6,000.
The potential turnover of the business within the next 2 years is forecast to reach £75,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 12 years with 10 years remaining. The rent is £9,600 pa with a review in 1 year. The lease may be renewable or negotiable for longer term if required. The rates are £3,500 pa.

Leasehold rent:

£9,600 pa per annum

Location:

- Situated in The Parade area of Leicester in Leicestershire.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities.
- Surrounded by a 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 regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced, part of a parade of shops and is approximately 50 ft x 20 ft. The front is branded with an attractive glass front. The main customer service area is tiled with shelving and racking to the walls. It is very well presented and very conveniently laid out.

To the rear is a store room. There is a toilet, staff facilities and a fully equipped kitchen.

EXTERNAL
To the front there is parking and to the rear is a loading area.

Size in square feet:

50 ft x 20 ft

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 including local and internet advertising.
• Increasing the opening hours to include late evenings and Sundays.
• Secure catering and restaurant contracts for laundry services.
• Introduce a delivery and collection service.
• With the introduction of a website and e-commerce.

Competition / Market:

There is no local competition.

Reasons for selling:

Owner wishes to sell due to other business commitments.

Trading hours:

Monday to Saturday: 10.00 am - 5.30 pm.
Sunday: Closed.

Years established:

Established since 2009

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:

£7,000 (included in the asking price)