Profitable Leasehold Dry Cleaners In Surrey For Sale

Business description

The particular highlights of the business are:
- A well established business.
- The business consists of 2 parts, one shop and a collection delivery service.
- The delivery service is a huge attribute to the business with an array of delivery contract with various companies.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £99,000 pa with a net profit of £19,000 (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 a husband and wife team
- 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, shoe repairs and a free collection and delivery service.

History
Agents are delighted to place onto the market this Leasehold Dry Cleaners which has been established since 1999. The business has been in the hands of the current owner since 2004 and they now wish to sell due to ill health.

Services
This very good business opportunity provides dry cleaning, alterations, shoe repairs and a free collection and delivery service.

Staffing
The concern employs 1 full time employee and 1 part time driver.

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 three quarters of a mile away.

Market
The client base consists of local residents from this very affluent area.

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 Saturday afternoon and Sunday trading.
• Increasing the services to include key cutting and hire of carpet cleaning equipment.
• Develop a customer database and external agents in the surrounding area.
• With the introduction of a 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.

Property Details
The property is terraced, part of a parade of shops and is approximately 350 sq ft. The front is branded with an attractive glass front. The main customer service area is tiled and carpeted. It is very well presented and is very conveniently laid out.

To the rear is a processing room. There is a toilet and staff facilities.

Equipment with Sale
All fixtures, fittings and equipment are included in the sale price and are valued at £10,000.

Financial Details
The present annual turnover is in excess of £99,000 with a net profit of £19,000. The present value of the stock is £250.
The potential turnover of the business within the next 2 years is forecast to reach £130,000 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.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 16 years with 5 years remaining. The rent is £9,350 pa with a review in 2013. The lease may be renewable or negotiable for longer term if required. The rates are £1,300.

Leasehold rent:

£9,350 per annum

Location:

- Situated in the Horsell area of Woking in Surrey.
- Prominent location on main arterial road.
- Part of a 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 A324, A245, M25 and M3.
- Woking, Guildford, Chobham and Lightwater all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.

Premises details:

The property is terraced, part of a parade of shops and is approximately 350 sq ft. The front is branded with an attractive glass front. The main customer service area is tiled and carpeted. It is very well presented and is very conveniently laid out.

To the rear is a processing room. There is a toilet and staff facilities

Other information

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 Saturday afternoon and Sunday trading.
• Increasing the services to include key cutting and hire of carpet cleaning equipment.
• Develop a customer database and external agents in the surrounding area.
• With the introduction of a website

Competition / Market:

As far as competition is concerned there is another similar business three quarters of a mile away.

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.

Reasons for selling:

Ill health

Trading hours:

Monday to Friday: 8.30am - 5.30pm.
Saturday: 8.30am – 1.00pm
Sunday: Closed

Furniture / Fixtures value:

£10,000 (included in the asking price)

Inventory / Stock value:

£250 (included in the asking price)