Profitable Established Leasehold Dry Cleaners In Cheshunt Hertfordshire 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).
- Turnover in excess of £104,000 pa with a net profit of £25,000 (see financial summary below).
- A business with great potential which has not been exploited because of the current owner’s ill health.
- An easily run operation.
- A good first time buyers business.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides dry cleaning, laundry, tailoring and key cutting.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Profitable and Established Leasehold Dry Cleaners which has been established since 1986. The business has been in the hands of the current owner since 2002 and they now wish to sell due to ill health.

Services
This very good business opportunity provides dry cleaning, laundry, tailoring and key cutting.
Staffing
The concern employs 1 part-time presser otherwise the concern employs no other staff and is family run.
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
There is no local competition.
Market
The client base consists mainly of local residents from this highly populated location.

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.
• With a high volume of commuters living in the area there exists a great opportunity to increasing the opening hours to include early mornings and late evenings.
• Increasing the services to include pick up and deliveries.
• Develop commercial contracts and local agents
• With the introduction of a website and e-commerce.
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.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 15 years with 5 years remaining. The rent is £12,800 pa with a review in 2012. The lease may be renewable or negotiable for longer term if required. The rates are £1,800

Location:

- Situated in the Flamstead End area of Cheshunt in Hertfordshire.
- Prominent location on main arterial road.
- Part of a parade of a small parade of shops.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a 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 A10 and M25.
- Enfield, Harlow, Hertford and Waltham Abbey all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced and part of a parade of shops, the customer facing area is approximately 125 sq ft. The front is branded with an attractive glass front. The main customer service area is tiled with a middle aisle and shelving to the walls. It is very well presented and is very conveniently laid out.
There is front off road parking as well as rear parking and service access.
To the rear is a preparation and processing area with separate boiler room. There is a toilet and staff facilities

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.
• With a high volume of commuters living in the area there exists a great opportunity to increasing the opening hours to include early mornings and late evenings.
• Increasing the services to include pick up and deliveries.
• Develop commercial contracts and local agents
• With the introduction of a website and e-commerce.

Competition / Market:

There is no local competition.

Reasons for selling:

Ill Health

Trading hours:

Monday to Saturday: 8.00am – 5.30pm
Sunday: Closed

Employees:

The concern employs 1 part-time presser otherwise the concern employs no other staff and is family run

Years established:

26

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:

£50,000 (included in the asking price)

Inventory / Stock value:

£1,500