THRIVING LEASEHOLD DRY CLEANERS IN PROMINENT LOCATION
Price:
Leasehold - £93,000
Location:
Hampshire , Gosport
Business Type:
Retail businesses
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Gross turnover in excess of £88,000 pa with a net profit of £46,000 for an owner operator. (See financial summary below).
- A business with great potential.
- An easily run operation with sociable hours.
- A good first time buyers business and ideal purchase for partnership or couple.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides full Dry Cleaning and Laundry services.
History
Phoenix Business Transfer Agents are delighted to place onto the market this busy Dry Cleaners which has been established since the 1950’s. The business has been in the hands of the current owners since 1998 and they now wish to sell to focus on other businesses.
Services
This very good business opportunity provides dry cleaning, repairs, alterations and all periphery services.
Staffing
The concern employs full and part-time staff.
Staff are unaware of the business sale.
Owners Role
The business is currently run under management.
Marketing
The owner markets the business via a website and Yellow Pages.
No additional 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 one similar business some ½ miles away.
There is no immediate local competition.
Market
The client base consists of local white and blue collar workers.
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 late evenings and Sunday trading.
• Increasing the product line to include key cutting, ironing services, in-house garment repairs and alterations services and the opening of local dry cleaning agencies.
• Introduction of a collection and delivery service.
• Working more hands on hours and saving on wages.
• Concentrating on the commercial market and expanding laundry services.
• With an enhanced interactive website and e-commerce.
Training and Handover
The owner would be available for training and a handover period for the benefit of the new owners if required.
The present gross annual turnover is £88,743 with a gross profit of 90% and a net profit of £46,240 to an owner operator. A significant proportion of customer orders are prepaid and the present value of the stock is £700.
The potential gross turnover of the business within the next 2 years is forecast to reach £117,000 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.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited 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.
- Situated in Busy area of Gosport.
- Prominent location on main arterial road.
- Part of a parade of shops which is part of the local shopping centre.
- Excellent free parking facilities.
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area with many shops and restaurants.
- Well linked with the road to Portsmouth.
- Area enjoying growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
The original length of the lease was 9 years with 6 years remaining. The rent is £6750 pa. The lease may be renewable or negotiable for longer term if required. The rates are £2700.
Monday to Saturday 8.30 to 5.30
Sunday closed
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