Lucrative Dry Cleaners & Laundry On Main For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £34,000 with a gross profit of £30,000. (See financial summary below).
- A business with great potential.
- An easily run operation.
- A good first time buyers business and ideal purchase for couple.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides Dry cleaning and laundry services.

History
Agents are delighted to place onto the market this Drycleaners which has been established for 30 years. The business has been in the hands of the current owner for 6 years and now wishes to sell due to retirement.

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

Staffing
The concern employs no staff.
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
As far as competition is concerned there is another similar business over 3 miles away.

Market
The client base consists of local and passing.

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 full 6 days a week
• Increasing the product line to include alterations.
• With the introduction of agencies.
• With an enhanced website.

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 £34,000 with a gross profit of 77%. The present value of the stock is £1000.
The potential turnover of the business within the next 2 years is forecast to reach £78,000 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 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 15 years with 6 years remaining. The rent is £4000 pa with a review in 3years. The rates are £600.

Leasehold rent:

£4000pa per annum

Location:

- Situated in the Ninefields area of Bexhill-on-Sea.
- Prominent location on main arterial road.
- Part of a parade of shops which is part of the local shopping area.
- 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.
- Commercially thriving area.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced. The front is branded with an attractive glass front. The main customer service area is tiled. It is very well presented and is very conveniently laid out.

To the rear is a work room. There is a toilet and staff facilities.

External
To the rear is a yard.

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 full 6 days a week
• Increasing the product line to include alterations.
• With the introduction of agencies.
• With an enhanced website.

Competition / Market:

As far as competition is concerned there is another similar business over 3 miles away.

Reasons for selling:

wishes to sell due to retirement.

Trading hours:

Monday and Tuesday 8am to 4.30pm
Wednesday 8am to 12pm
Thursday and Friday 8am to 4.30pm
Saturday 8am to 1pm

Employees:

The concern employs no staff.

Years established:

30years

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:

£25,000 (included in the asking price)

Inventory / Stock value:

£1,000