Asking price: £99,000

Sales revenue: £56,940

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Established 11 years ago by the vendor, it is now reluctantly offered for sale due to the vendors other commitments.

The business offers a range of services normally associated with dry cleaners and is well equipped for purpose including:
- 28lb dry cleaning machine
- Rota cabinet
- Press table
- Industrial washing machine
- Compressor and bagging machine
- Spotting table
- Engraving
- Watch batteries
- Rug Doctor (Franchise agreement in place)

In addition to the main services, additional income is brought in from alteration services, again with a high level of equipment including:
- Lock stitch machine
- Overlocker
- Double stitcher
- Blind hemmer
- Darning machine
- Engraving Machine

Key cutting services are also offered with full machinery included for this, plus carpet shampoo machine hire and Polaroid passport photo equipment.

These extra income streams are in addition to the stated sales revenue, which is purely for the main dry cleaning business only.

100% of the business is generated from walk in customers only due to this excellent location and the business also benefits from a high level epos system, providing a customer data base with a currently register of approximately 4000 customers. This enables further marketing directly to the customer data base from this computer system if required.

ref:8312NG

Employees: The business is currently staffed by a husband and wife team plus 1 part time member of staff.

Trading hours: 6 Days a Week

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: 15 years Remaining lease: 4 years, with confirmation of lease extension available Review every: 5 years Rent: £17,500 + VAT per annum We are advised that the annual business rates are currently: TBC

Living accomodation
BUSINESS PREMISES A modern retail unit decorated and equipped to a high standard and consisting of the following: Ground Floor - Double glazed frontage with central entrance door leading to - Main sales area with serving counter and epos system, racked for storage of dry cleaning ready for collection - Key cutting equipment - Alterations equipment - Archway to main workshop area with equipment as previously described - High roof with potential for mezzanine floor - Roller shutter to rear with double door access to service area - w/c

Location
The business occupies a prime location on a purpose built retail park adjacent to high footfall multi chain retailers. The retail park is adjacent to a busy main road carrying high volumes of passing traffic into the city of Nottingham.

The surrounding area is an affluent and densely populated residential area with excellent transport links including access to the M1 motorway and into the city of Nottingham.

There are excellent parking facilities with a large free customer car park shared by the retail park.

Expansion potential
Although already a successful business, there is excellent potential for growth and expansion including making use of the marketing facilities of the epos system, as this is currently not undertaken. In addition to this there is potential to extend the business to cover the corporate sector and offering a collection and delivery service. Within these spacious premises, there is also potential to increase the work area by installing a mezzanine floor.

Financing available
Please let us know if you require finance for the purchase of a business.

Related documents

		Document