Hounslow Middlesex Profitable Leasehold Dry Cleaners 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.
- The business offers many services and does not rely solely on dry cleaning.
- A well established business.
- Very well located in busy area of London.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £55,000 with a net profit of £25,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because the owner is of retirement age.
- 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 thriving business which has been established since 1975. The business has been in the hands of the current owner since 2003 and he now wishes to sell due to retirement.

Services
This very good business opportunity provides dry cleaning, alterations, repairs, shoe repairs, leathers, carpet cleaning hire, utilities and bill payments, fax and photocopying, school uniforms and key cutting.

Staffing
The concern employs 0 staff.

Owners Role
The owners’ role is very hands on and he operates the business as a sole trader along with some help from his wife.


Marketing
The owner regularly delivers leaflets to local residents every 3 months. He has in the past used newspapers and other forms of advertising and the business is very well known.

Competition
As far as competition is concerned the nearest is 10 minutes away. There is no direct competition locally.

Market
The client base consists of locals and passing trade. The business does have a few contracts for local residents.

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 Sundays.
• Attract agency work and also commercial work from local businesses and hotels and of course from Heathrow Airport.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce and also by creating a client database.

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.

Financial Details
The present turnover is £55,000 per annum with a net profit of £25,000. The wages are £0. The present value of the stock is £3,000 and the fixtures fittings and equipment are worth £20,000.
In 2008, the turnover was £50,000. The potential turnover of the business within the next 2 years is forecast to reach £90,000 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.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 15 years with 13 years remaining. The rent is £11,500 pa with a review in 2012. The rates are £5,500 pa.

Leasehold rent:

£11,500 per annum

Location:

This business is situated on the Kingsley Road in Hounslow. It forms a parade of shops on a very busy main road with high traffic flow. There is a densely populated residential area surrounding the premises. The M4 motorway is only a few minutes away and there is a huge array of commercial businesses nearby. The Heathrow airport is 10 minutes drive and offers exceptional potential.

Premises details:

Property Details
The total size of the unit is approximately 30ft x 38ft. It is a double glass fronted unit with displays of shoe products and zips and laces. There is also a photocopying machine for public use. There is a service counter and to the rear is a fully equipped preparation area. There are staff facilities to the rear.

Equipment with sale
All fixtures and fittings and equipment are included in the sale price

Size in square feet:

approximately 30ft x 38ft

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 Sundays.
• Attract agency work and also commercial work from local businesses and hotels and of course from Heathrow Airport.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce and also by creating a client database.

Competition / Market:

As far as competition is concerned the nearest is 10 minutes away. There is no direct competition locally

Reasons for selling:

now wishes to sell due to retirement

Trading hours:

Monday to Friday 9am to 6:30pm Saturday 9am to 7pm Sunday closed

Employees:

Owner Run

Years established:

established since 1975

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:

£20,000 (included in the asking price)

Inventory / Stock value:

£3,000