Prominent Leasehold Dry Cleaners In Northampton For Sale

Business description

The particular highlights of the business are:
- All reasonable offers considered for quick sale.
- A very long established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £35,000 with a net profit of £10,000. (See financial summary below).
- A business with great potential which has not been exploited because the owner has not promoted the business due to personal pressures.
- An easily run operation which is owner operated at present.
- A good first time buyers business and ideal purchase for a sole trader.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides dry cleaning and in house alterations as well as a laundry service and ironing.

History
Agents are delighted to place onto the market this well run leasehold dry cleaners in Northampton which has been established since 1981. The business has been in the hands of the current owner since February 2011 and he now wishes to sell due to re location.

Services
This very good business opportunity provides dry cleaning and in house alterations as well as a laundry service and ironing.

Staffing
The concern employs no staff and is family run.

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
There is no local competition.

Market
The client base consists of locals, regulars and passing trade.

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 product line to include more services.
• Pro active marketing to obtain agency work and commercial contracts.
• 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 £35,000 with a gross profit of 90% and a net profit of £10,000. The wages are £0. The present value of the stock is £350.
The potential turnover of the business within the next 2 years is forecast to reach £150,000 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 we 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. We 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 us 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

Property:

Leasehold

Lease terms:

The original length of the lease was 4 years with 3 years remaining. The rent is £11,500 pa with a review in 3 years. The lease may be renewable or negotiable for longer term if required. The rates are £2,400 pa.

Leasehold rent:

£11500pa per annum

Location:

- Situated in Abington area of Northampton in Northamptonshire.
- Prominent location on very busy main arterial road.
- Part of a large road full of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by 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 main road into the town centre.
- Area enjoying much growth and re generation.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced and is part of a parade of shops and is approximately 28ft x 45 ft. The front is branded with an attractive glass front. The main customer service area is carpeted and there is a counter area to the front.

To the rear there is a large preparation area with a kitchenette and toilet. This area allows for expansion.

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 product line to include more services.
• Pro active marketing to obtain agency work and commercial contracts.
• With an enhanced website.

Competition / Market:

There is no local competition.

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:

wishes to sell due to re location.

Trading hours:

Monday to Friday: 9 am – 5.30 pm
Saturday: 9 am – 4 pm

Furniture / Fixtures value:

£15,000 (included in the asking price)

Inventory / Stock value:

£350