Outstanding Dry Cleaners And Laundrette With Massive Potential For Sale

Business description

THE BUSINESS

Founded over 30 years ago and in the hands of the vendors for almost 4 years,
The business offers a professional dry cleaning service which attracts 95% of the establishments’ total income. Also, as the photographs illustrate there is an impressive display of washing machines and dryers which cater for the needs of local inhabitants and small businesses.

The business offers competitive rates with approximately 50% of dry cleaning turnover coming from accounts such as hotels, shops, schools, offices and sports centres and 50% from the local community. All work is within an approximate 10 mile radius of the premises and the service includes a collection and delivery service.


PRESENTLY, ONLY 50% OF CURRENT FACILITIES ARE BEING USED and the business could create more income by:

1. Opening on Sundays
2. Approaching more potential business clients
3. Marketing to a new housing estate of over 1,000 new homes.

The business is more than equipped for purpose and includes:

• Renzacci plant club dry cleaning machine with a 15kg capacity
• 5 x 7kg capacity primus washing machines
• 3 x 10kg capacity primus washing machines
• 1 x 16kg capacity primus washing machine
• 6 speed queen dryers
• 2 hoffman presses
• 1 steam cabinet
• 1 spotting table
• 1 bagging machine with storage rails

In the year to March 2009 they achieved annual sales of £133,439, we understand that current sales volume is running above this level due to an increase in trade accounts.

REASON FOR SALE

The business is only now being reluctantly offered for sale as the Vendor is planning to move away from the area.







DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through us. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.

Property information

Property:

Leasehold

Location:

The business has an excellent location with a prominent position on a very popular small shopping centre in an affluent town in Berkshire.

95% of the business’s income is from dry cleaning with contracts in place from many Blue Chip clients including hotel chains and supermarkets together with local schools, offices and sports centres. On top of this is passing dry cleaning and normal launderette trade from the local residential community and small businesses.

Premises details:

Ground floor mid terraced lock up premises which briefly comprise:
Ground Floor
• Centre entry door from pedestrianised walkway into the business
• Dry cleaning machine by the doorway with a range of dryers behind
• Opposite in a row are the washing machines
• Serving counter and till approximately in the middle of the shop with a large working space to the rear with the 2 presses, spotting machine and bagging machine with ample handing rails
• Rear boiler room with 2 water heaters
• w/c and storage room
• At the rear of the shop there are 2 allocated parking spaces
• The shop also has the use of 2 single garages

The shop is very well maintained and benefits from having a fully tiled floor, a suspended ceiling and also has electric roller shutters to the entire front of the premises.

Business Operation

Expansion potential:

This is already a very successful business, However, it still offers excellent scope to increase both sales and profits in the short term without any extra investment on capital equipment.

Trading hours:

Mon-Fri: 8am – 6pm
Sat: 8am – 5pm

Employees:

The business is run by the vendor, 1 full time and 1 part time employee, who works approximately 8 hours per week