Leasehold Dry Cleaners Swindon Wilts 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.
- A well established business.
- Good loyal clientele.
- Very well equipped business with favorable lease terms (see below).
- Turnover in excess of £78,000 pa with a net profit of £30,000. (See financial summary below).
- A business with great potential which has not been exploited because the owner has had staffing problems.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a sole trader with experience in the industry.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a dry cleaning service with on site duvets and wedding dresses. It also provides formal clothes hire for men.
- Close to major superstore and deals with their overflow business.

History
Phoenix Business Transfer Agents are delighted to place onto the market this dry cleaners in Swindon with potential which has been established since 2005. The business has been in the hands of the current owner since 2008 and he now wishes to sell due to other business interests.

Services
This very good business opportunity provides a dry cleaning service with on site duvets and wedding dresses. It also provides formal hire for men.
.

Staffing
The concern employs 1 driver and 1 presser and the wages are £10,000 pa.

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. He does have 50,000 leaflets ready to go out.

Competition
There is no local competition.

Market
The client base consists of 60% commercial work including the police and a hotel.

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 early opening and later closing with Sunday trade.
• Increasing the number of agencies.
• Increasing the staffing levels to include another presser and delivery driver.
• Concentrate more on the private market and make full use of the location.
• Introduce new offers.

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 annual turnover is £78,000 with a gross profit of 90% and a net profit of £30,000. The wages are £10,000 pa. The present value of the stock is £300.
The potential turnover of the business within the next 2 years is forecast to reach £150,000 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 8.5 years with 5 years remaining. The rent is £16,912 pa with a review in 5 years. The lease may be renewable or negotiable for longer term if required. The rates are £5,000 pa.

Leasehold rent:

£16912pa per annum

Location:

- Situated in Swindon in Wiltshire.
- Prominent location on main arterial road.
- Part of a parade of shops with some 10 units.
- Excellent parking facilities.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A420 and M4.
- 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 is part of a parade of shops and is approximately 45ft x 26 ft. The front is branded with an attractive glass front. There is a CCTV system. The main customer service area is carpeted with a large customer service desk. It is very well presented and is very conveniently laid out. The men’s formal clothes hire section also has a small display to the front.

The preparation area is to the rear along with staff facilities

Size in square feet:

45ft 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 opening hours to include early opening and later closing with Sunday trade.
• Increasing the number of agencies.
• Increasing the staffing levels to include another presser and delivery driver.
• Concentrate more on the private market and make full use of the location.
• Introduce new offers.

Competition / Market:

There is no local competition.

Reasons for selling:

now wishes to sell due to other business interests.

Trading hours:

Monday to Friday: 9 am – 6 pm
Saturday: 9 am to 6 pm
Sunday: Closed

Employees:

The concern employs 1 driver and 1 presser and the wages are £10,000 pa.

Years established:

6 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:

£3,000,040,000 (included in the asking price)

Inventory / Stock value:

£300