Hilton Smythe is delighted to welcome to the market this well-established and popular laundry business, which is ideally located in west Kent.
The business was established by our client in 2013 and is only now being offered to the market due to our client’s desire to concentrate on other business ventures. The business currently operates 6 days per week and generates a turnover in the region of £71,500 per annum, with a gross profit of approximately 93%.
Our client offers a wide variety of services including ironing services, specialist cleaning and alterations.
Please note, our client does not do dry cleaning at the premises as there is no dry cleaning machine at the property, it is taken to his other business to be dry cleaned and then returned to the shop for distribution to clients.
The property boasts 70 sq. metres of floor space, is very well maintained, decorated to a high standard and fitted out to suit the trade.
The business has built up an excellent reputation within the area for the very high quality of the services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours, to take advantage of the early evening trade. A new owner could also embark on a modest marketing campaign to highlight the business and services offered. The business would also benefit from the launch of a website to promote the business.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to acquire a well-established and busy business in a town centre location, therefore, early viewing must come highly recommended to avoid disappointment.
This popular laundry, alteration and dry cleaning business occupies substantial premises, ideally located in west Kent. The business is located on a very busy High Street and is surrounded by a wealth of complimentary shops and businesses, therefore, benefiting from a very high volume of footfall and passing trade. The business further benefits from good car parking facilities within the area.
The area of the business is well served by the public transport system, with several bus stops being within easy walking distance of the property. The nearest railway station is less than 5 minutes’ walk away. The area is also well served by the A-roads, with two being within easy driving distance of the property, which link to the national A-road and motorway networks.
Substantial premises in an ideal trading location, briefly comprising:
Large double window frontage, creating a light and airy interior.
Main service area with serve over counter incorporating a new electronic cash register (cost £1,000) and credit/debit card terminal.
Collection area with clothing hanging rails.
Perimeter wall shelving.
New Espo washing machine.
Second workroom, used for hanging and drying area.
Large room currently used as a storage area, although would make an ideal area for alterations.
We are advised Leasehold:
Original lease length: 10 years
Remaining lease length: 7 years
Rent: £14,000 per annum
The business is open:
Monday – Saturday: 8.30am – 5.30pm
The business is owner run and managed with 1 x full time staff member.
The business generates a turnover in the region of £71,500 per annum, with a gross profit of approximately 93%.
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