Dry Cleaners In Surbiton Kingston Upon Thames For Sale

Business description

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.
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Favorable lease terms (see below).
- Turnover in excess of £28000 with a net profit of £2,500 (See financial summary below). This is very impressive considering the vendor has many other businesses.
- A business with great potential which has not been exploited to its potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.

History
Phoenix Business Transfer Agents are delighted to place onto the market this profitable Dry Cleaners which has been established since 2009 and is currently being used as a collection point. The business has been in the hands of the current owner since 2009 and he now wishes to sell due to other business interests.

Services
This very good business opportunity provides collection point for dry cleaning which is cleaned off the premises

Staffing
The concern employs 1 full-time staff and the wages are £9,600.

Owners Role
The owners’ role is overseeing the business and he works afternoons.

Marketing
The owner markets the business by means of leaflet drops and does not have a website.

Competition
As far as competition is concerned there is none in the locality.

Market
The client base consists of mostly the local community and business users.

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 product line.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• 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.


The present turnover is £28,000 pa with a gross profit of £5,000 and a net profit of £2,500. The wages are £9,600. The present value of the stock is £100,000.
The potential turnover of the business within the next 2 years is forecast to reach £31,000 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 5 years with 3 years remaining. The rent is £11,000 pa with a review in 2014. The lease may be renewable or negotiable for longer term if required. The rates are £2500.

Leasehold rent:

£11000pa per annum

Location:

- Situated in Surbiton area of Kingston Upon Thames in Surrey
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Area earmarked for regeneration.
- Surrounded by well / densely populated residential area with schools and other local amenities.
- Area offers exceptional lifestyle.
- Very good / outstanding tourist trade.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A240, A3 and M25 and good railway links.

Premises details:

The property is terraced and is part of a parade of shops and is approximately 40 ft x 15 ft. The front is branded with an attractive glass front. There are no electric/manual shutters and no CCTV system. The main customer service area is tiled with some shelving to the walls. It is very well presented and is very conveniently laid out.

To the rear there is access leading to the road and metered parking. There is a toilet and staff facilities. In addition there is a very large basement which has not been utilized.

External
To the front there is parking for one vehicle.

Size in square feet:

40ft x 26ft

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 product line.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.

Competition / Market:

As far as competition is concerned there is none in the locality.

Reasons for selling:

he now wishes to sell due to other business interests.

Trading hours:

Monday to Friday: 8.30am – 6.30pm
Saturday: 8.00am – 6.00pm
Sunday: - Closed

Employees:

The concern employs 1 full-time staff and the wages are £9,600.

Years established:

2 years

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:

£100,000 (included in the asking price)

Inventory / Stock value:

£100,000