Thriving Dry Cleaners With Living Accommodation In Tonbridge 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 £46,000 with a gross profit of £40,000. (See financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- 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 Dry-cleaning, alterations, and Laundry.
There is a rental income from the flat of £650.pm.

History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving dry cleaner which has been established since 1980. The business has been in the hands of the current owner since 2001 and now wishes to sell due to retirement.

Services
This very good business opportunity provides dryleaning, alterations, and laundry.

Staffing
The concern employs 3 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 nearby.

Market
The client base consists of locals and repeat clients.

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 in the pm.
• Increasing the product line to include ironing service.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• 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 £46,000 with a gross profit of 88%. The present value of the stock is £1000.
The potential turnover of the business within the next 2 years is forecast to reach £60,000 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

Living accommodation:

On the first floor there is a one bedroom flat bathroom toilet and large living room with a separate entrance.

Location:

- Situated in the high street area of Tonbridge in Kent.
- Prominent location on main arterial road.
- Part of a parade of shops which is part of the main 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.
- Well linked with the central London by Train and road.
- Ton bridge main Line Station is close by.
- 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 tiled It is very well presented and is very conveniently laid out.

To the rear is a store room. There are 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.
• Increasing the opening hours to include later in the pm.
• Increasing the product line to include ironing service.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• With an enhanced website.

Competition / Market:

As far as competition is concerned there is another similar business nearby.

Reasons for selling:

now wishes to sell due to retirement.

Trading hours:

Monday to Saturday 8.30am to 5.30pm
Sunday closed

Employees:

The concern employs 3 staff.

Years established:

31years

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:

£35,000 (included in the asking price)

Inventory / Stock value:

£1,000