FREEHOLD DRYCLEANERS, BRISTOL Price Reduced
Price:
Freehold - £300,000
Business Type:
Service Businesses
The particular highlights of the business are:
- The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
- Ideally located concern offering excellent lifestyle.
- A well established business.
- A good family run business
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £63,000 with a net profit of £15,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because he wishes to retire. .
- An easily run operation.
- Very big premises
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market this well located dry cleaners which has been established since 2000. The business has been in the hands of the current owner since inception and he now wishes to sell due to retirement.
Services
This very good business opportunity provides ironing, laundry, repairs alterations and much more
Staffing
The concern employs 2 staff. Both are full time
Owners Role
The owners’ role is hands on and deals with the running of the business.
Marketing
The owner only promotes to schools at present.
Competition
As far as competition is concerned there is some in the area
Market
The client base consists of mainly regulars with some 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 opening hours to include longer trading hours and open Sundays.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
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 front is branded with an attractive glass front.. The main customer service area is tiled. It is very well presented and is very conveniently laid out.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £35,000.
Basement
There is a store room and equipment for dry cleaning
First Floor
On the first floor there is a two bed accommodation with lounge, bathroom and kitchen.
External
To the front there is customer parking.
To the rear is a garage for one car.
Financial Details
The present turnover is £63,000 per annum with a gross profit of 60% and a net profit of £15,000.
The potential turnover of the business within the next 2 years is forecast to reach £120,000 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.
- Situated in area of Portishead in Bristol
- Prominent location on main arterial road
- Part of a parade of shops
- Excellent parking facilities nearby
- Surrounded by well populated residential area with schools and other local amenities.
- Local population consists of a mixed population
- Area offers exceptional lifestyle
- High levels of passing trade
- Good volumes of traffic and pedestrian flow
- Commercially thriving area
- Surrounded by a very big residential area
Monday, Tuesday, Thursday: 08:00-17:00
Wednesday and Saturday: 08:00-13:00
Friday: 08:00-15:00
On the first floor there is a two bed accommodation with lounge, bathroom and kitchen.
North Yorkshire
£ 750,000
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