Shoe Repairs & Dry Cleaners Business For Sale

Business description

Advent Business Sales are pleased to offer to the market this extremely well established and profitable diverse business, which repairs shoes, does engraving and key cutting and also carries out laundry and dry cleaning.

Founded over 27 years ago and in the hands of the current vendors, the business is only now being offered for sale as they plan to move away from the area to the coast.

Our client specialises in:
• Shoe repairs
• Key cutting
• Computerised engraving
• Laundry
• Dry cleaning
It also supplies:
• Trophies
• Gifts
• Glassware
• Walking sticks
• Clothes care accessories
• Belts
• Umbrellas
• Watch batteries and straps

Trade is predominantly local, although circa 10% are from up to 30 miles away.

The business is fully equipped for purpose and includes:
• Firbimatic Eco 15 slimline dry cleaning machine – only 1 year old
• Spotting table
• Steam dolly
• Press
• 2 washing machines
• 2 tumble driers
• Hydrovane compressor
• 7 key cutting machines
• Computerised engraving machines
• Shoe repair machine
• Blake machine
• Outsole stitching machine
• Full epos till
We are advised that stock at cost is approx £16,000.
REF: 9238GL

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 25 years
Remaining lease: 13 years
Review every: 5 years
Rent: £20,000 P.A.

We are advised that the annual business rates are currently: £5,580

Location:

The business has an excellent main road location on a busy parade of an upmarket and affluent town in Gloucestershire.

Other complimentary businesses locally include Wilkinsons, Tesco, estate agents, tanning, convenience store, a nail bar and many more who all contribute in attracting high footfall levels to the area.

There is a large pay and display car park whose entrance is only approx 60/70 yards from the shop.

The towns of Gloucester, Cheltenham, Stroud and Tewkesbury are all nearby and are all best accessed by the M5 motorway.

Premises details:

Large terrace premises arranged over 5 floors and briefly comprising:

Ground Floor
• Basement – used mainly for storage but also housing the 2 stitching machines and a compressor
• Side entry door into the shoe repair and key cutting section with a rear extension for laundry and dry cleaning
• w/c
• small kitchen and back exit
• side stairs to sub let tailors shop for £400 per month, engraving and patching
• side stairs to 2nd and 3rd floors apartment with one double bedroom, fitted kitchen, large bathroom and very large lounge. The apartment would be ideal for a buyer wishing to move into the area. The premises also benefit from being fully alarmed.

Other information

Expansion potential:

Our client clearly has a successful business. It does however, still offer excellent scope to increase both sales and profits by:
1. Having its own website so potential customers can view items for sale and be advised of current laundry, engraving and shoe repair prices
2. Approach local sports teams to offer to launder their team strips after matches
3. Contact local convenience stores to set up dry cleaning/shoe repair collection points.

Trading hours:

Mon – Fri: 8.30am – 5.40pm
Sat: 8.30am – 5pm

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