Lucrative Dry Cleaner On Southampton Main Road Location For Sale

Business description

.The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Gross turnover in excess of £78,000 pa with a net profit of £35,000 for an owner operator. (See financial summary below).
- A business with great potential.
- An easily run operation with sociable hours.
- A good first time buyers business and ideal purchase for couple or partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides full Dry Cleaning and Laundry services.

History
Agents are delighted to place onto the market this lucrative Dry Cleaners which has been established since the 1950’s. The business has been in the hands of the current owners since 1998 and they now wishes to sell to focus on other businesses.

Services
This very good business opportunity provides dry cleaning and laundry services.

Staffing
The concern employs full and part-time staff.
Staff are unaware of the business sale.

Owners Role
The business is currently run under management.

Marketing
The owner markets the business via a website and Yellow Pages.
No additional 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 retail business some 1.5 miles away.
There is no immediate local competition.

Market
The client base consists of local white and blue collar workers.

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 and Sunday trading.
• Increasing the product line to include key cutting, ironing, and in-house garment repairs and alterations services and the opening of agencies.
• Introduction of a collection and delivery service.
• Working more hands-on hours and saving on wages.
• The introduction of an interactive website and e-commerce.
• Concentrating on gaining commercial laundry contracts and opening local dry cleaning agencies.



Training and Handover
The owner would be available for training and a handover period for the benefit of the new owners if required.


The present gross annual turnover is £78,457 with a gross profit of 90% and a net profit of £35,227 to an owner operator. The present gross value of the stock is in excess of £1800.
The potential gross turnover of the business within the next 2 years is forecast to reach £110,000 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 we 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. We 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 us 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 10 years with 4 years remaining. The rent is £7000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £4990.

Leasehold rent:

£7000pa per annum

Location:

- Situated in a very busy area of Woolston in Southampton.
- Prominent location on main arterial road.
- In a parade of shops which is part of the local shopping centre.
- 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.
- Well linked with the centre of Southampton by bus and rail.
- 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. The front is branded with an attractive glass front. The main customer service area is carpeted with shelving and racking to the walls and there is a spacious tiled production area with dry cleaning plant and machinery.
It is very well presented and is very conveniently laid out. It has been partly refurbished over the last few months.

To the rear is a store/laundry room. There is a toilet and kitchen 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 and Sunday trading.
• Increasing the product line to include key cutting, ironing, and in-house garment repairs and alterations services and the opening of agencies.
• Introduction of a collection and delivery service.
• Working more hands-on hours and saving on wages.
• The introduction of an interactive website and e-commerce.
• Concentrating on gaining commercial laundry contracts and opening local dry cleaning agencies.

Competition / Market:

As far as competition is concerned there is another similar retail business some 1.5 miles away. There is no immediate local competition.

Reasons for selling:

now wishes to sell to focus on other businesses.

Trading hours:

Monday to Saturday 8.30am to 5.30pm
Sunday closed

Employees:

The concern employs full and part-time staff. Staff are unaware of the business sale.

Years established:

61years

Other information

Support & training:

The owner would be available for training and a handover period for the benefit of the new owners if required.

Furniture / Fixtures value:

£16,000 (included in the asking price)

Inventory / Stock value:

£1,800