2 Leasehold Dry Cleaners Birmingham For Sale

Business description

The particular highlights of the business are:
• The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
• Ideally located concern offering excellent lifestyle.
• A well established business.
• Good loyal clientele.
• Fully equipped business with favorable lease terms (see below).
• Turnover in excess of £80,000 with a net profit of £30,000. (See financial summary below). This is very impressive considering the credit crunch.
• A business with great potential which has not been exploited because the owner wishes to re locate.
• An easily run operation.
• Good loyal well trained staff.
• A good first time buyers business.

Phoenix Business Transfer Agents are delighted to place onto the market this small chain of dry cleaners which has been established since 1987. The business has been in the hands of the current owner since 2007 and he now wishes to sell due to re location.

This very good business opportunity provides a dry cleaning service. There are agents and the Northfield site does all the cleaning with the Blackheath site being a shop.

The concern employs 4 staff. 2 are full time and 2 are part time. The total wage bill is £600. All staff would stay on after a sale.

The owners’ role is full time and he works full time.

The owner markets the business in local papers and flyers and has a website.

As far as competition is concerned there are no other dry cleaners in the area.

The client base consists of locals and workers as there are offices and superstores around both sites.

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 number of agencies
• Vying for corporate businesses.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.

The owner would be available for a business familiarisation period of one week 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 Details
The Blackheath site is a new site which has recently opened. There is a large counter with an office to the rear. On the first floor there are 2 bedrooms, a kitchen, with access through the shop.

The Northfield site has a customer service point with an open plan and fully equipped preparation area. The site is fully equipped. On the first and second floor there is a maisonette with 3 bed rooms, a kitchen and a toilet with a lounge. The rent is £500 per month.

Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £30,000.

Financial Details
The present turnover is £80,000 per annum with a gross profit of 90% and a net profit of £30,000. The wages are £600 pr week. The present value of the stock is £500 and the fixtures fittings and equipment are worth £30,000.
In 2008, the turnover was £65,000. The potential turnover of the business within the next 2 years is forecast to reach £150,000 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.

Trading Hours
The business operates from Monday to Friday between 8.30am and 5.30 pm. On Saturdays the hours are 9am and 3.30 pm.

Tenure
Blackheath
The original length of the lease was 6 years with 5 years remaining. The rent is £9,000 pa.

Northfield
The original length of the lease was 10 years with 7 years remaining. The rent is £8,000 pa.

Viewings
The owners are available for viewings at anytime during trading hours.

Property information

Property:

Leasehold

Lease terms:

Blackheath
The original length of the lease was 6 years with 5 years remaining. The rent is £9,000 pa.

Northfield
The original length of the lease was 10 years with 7 years remaining. The rent is £8,000 pa.

Location:

This superb business opportunity is situated in the Blackheath area of Birmingham in the County o f Warwickshire .It is on a main arterial road and enjoys much traffic flow and there is a good foot flow of pedestrians. There is a residential area surrounding the property and it is within a commercially thriving part of the area. There is ample free parking nearby.
The area attracts many shoppers who use the area on a daily basis and there are many local facilities including banks and many other retailers. There are also busy industrial estates nearby.
The other site is in the Northfield town centre in the main High street.

Premises details:

The Blackheath site is a new site which has recently opened. There is a large counter with an office to the rear. On the first floor there are 2 bedrooms, a kitchen, with access through the shop.

The Northfield site has a customer service point with an open plan and fully equipped preparation area. The site is fully equipped. On the first and second floor there is a maisonette with 3 bed rooms, a kitchen and a toilet with a lounge. The rent is £500 per month.

Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £30,000.

Other information

Competition / Market:

As far as competition is concerned there are no other dry cleaners in the area

Support & training:

The owner would be available for a business familiarisation period of one week 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.

Trading hours:

The business operates from Monday to Friday between 8.30am and 5.30 pm. On Saturdays the hours are 9am and 3.30 pm.

Furniture / Fixtures value:

£30,000 (included in the asking price)

Inventory / Stock value:

£500