Well Established Dry Cleaners With Quality Reputation For Sale

Business description

WELL ESTABLISHED DRY CLEANERS WITH QUALITY REPUTATION - NORFOLK
Well established with huge growth potential
Ideal location in the affluent city of Norwich
Turnover £62,000 pa at high gross margins
Leasehold property at fair rental rates
Early viewing highly recommended
LEASEHOLD


Business History

Meridian Business Sales are delighted to be able to offer to the market this well established and respected dry cleaners which has been in the careful hands of our clients since 1997. The only reason this rare opportunity is being offered to the market is our clients desire to take a well earned retirement. Since our clients took ownership of the business they have undertaken a full programme of refurbishment meaning that the business is in a walk-in and trade condition. Our clients have continually developed the business by adding numerous further income streams by introducing a collection and delivery service, plus hotel contract work all of which have proved to be popular and financially successful. Our clients inform us that the current turnover is running at £62,000 pa with a gross margin of 85% but there is huge growth potential by expanding the contract work side of the business. Meridian Business Sales recommends early viewing on this business to fully appreciate the quality and future enormous growth potential.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 5 years
Remaining: 2 years
Review: 3 years
Rent: £12,000pa

Living accommodation:

Ground floor lock up retail unit in a popular and desirable High Street location GROUND FLOOR Main entrance leading to an open plan trading area on one level. Walls mainly with hanging rails for dry cleaned garments. Workstation for sorting garments prior to cleaning. Sales desk and collection point with carpet tiles wall hanging and good quality decoration. Commercial grade Miele WRAS washer dryer Spirit 200 dry cleaning fully automated Maytag Neptune auto dryer Silc steam ironing station Compressor Store room has further hanging rails Kitchenette with sink Staff toilet Office area EXTERNAL Rear access with parking

Location:

This superb dry cleaning businesses is located in a row of other complimentary business in the popular and affluent city of Norwich. Norwich and the surrounding area is an ideal position for the business as it has a large and densely populated catchment area. The business enjoys a monopoly trade and is the only dry cleaners for some 4 miles in each direction. The business is surrounded by a wealth of period properties and complimentary businesses that all bring large numbers of footfall to the area which benefits the business enormously. Norwich and the surrounding area has strong road and rail links and is serviced via the A47, A11 and A140 trunk roads plus mainline rail.