Dry Cleaners for sale in Hampshire

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Ian McGregor (Nov 2013)
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Leasehold Price: £525,000 Price Reduced Annual Turnover: £670,000
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Business Description
• Profitable management run business, 2 sites, excellent reputation
• Annual turnover 2015/16 £670,000 plus, EBITDA £146,000 plus
• Busy main road locations, centrally located
• Successful business with excellent scope for expansion

**OIRO**Profitable and established laundrette/dry cleaning businesses, 2 sites Excellent reputation. Large shop facilities in impeccable condition. Serving loyal clients with self service and service wash facilities. Full management structure. Annual turnover 2015/16 £670,000 plus, EBITDA £146,000 plus. Profitability in excess of £138,000, 44372

A rare opportunity to acquire a well established and refined business which is highly respected within industry. This business, which has been successfully operating for over 40 years, has a strong brand and stands apart from the competition. The vendors have decided to down scale their operation due to the number of years in the industry and are selling 2 flagship sites. The sites are to be sold on an asset sale basis and will not include the limited company but may include the name. They offer an excellent acquisition for a competitor wanting the reputation or for an investor/individual seeking a very established business. The business is fully management run utilising the latest high tech machinery and facilities.

The business specialises in dry cleaning, but also offers service washing and facilities for self service laundry. A garment alteration service and wedding dress cleaning services are also provided. The business has a successful commercial collection and delivery service with an established customer base.

Both branches are located directly on main routes into the city centre. Unit one is in a highly affluent area and unit two has a dense local population requiring the services offered. The vendors own the freeholds and are flexible on the lease terms. The sites also include the administration offices above unit one. The premises are substantial in size and are in excellent condition.

The business has frequently upgraded and renewed its equipment, all of which is regularly maintained and serviced. A full asset list is available to interested parties but in brief this includes 3 dry cleaning machines, approximately 50 laundry washing or drying machines and pressing facilities. There are also 2 commercial vehicles included within the sale.

The shops and office accommodation are superbly presented in every fashion and offer excellent value at only £61,000 per annum rent for the two sites. Viewing is essential to see exactly what is on offer her

Summary. A stunning example of an excellent and profitable business or lifestyle business having been established for over 40 years and run successfully by our clients for many years. There is large potential for growth in several areas and the existing owners would be willing to discuss this. They will also be available to continue working on a transitional basis and give support if required.

This business will be of interest to professionals, investors and individuals alike. Interest is expected to be high therefore early viewing is essential to appreciate the opportunity on offer here.
Tenure: Leasehold

Listed by: Kings Business Transfer
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