LEASEHOLD CONTRACT CLEANERS IN LEAMINGTON SPA
Price:
Leasehold - £59,000
Location:
Warwickshire , Lillington, Leamington Spa
Business Type:
Service Businesses
The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £40,000 with a net profit of £8,000. (See financial summary below).
- A business with great potential which has not been exploited due to other business interests. .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market a very profitable leasehold contract cleaners which has been established since the 1960’s. The business has been in the hands of the current owner since 2006 and he now wishes to sell due to other business interests.
Services
This very good business opportunity provides contract cleaning for local hotels and guest houses as well as public dry cleaning and laundry services.
Staffing
The concern employs no staff as it is a family run operation making the business highly competitive and very profitable.
Owners Role
The owners’ role is managerial and he works only two days per week at this location.
Marketing
The owner is currently not involved in any marketing activity and doesn’t have a website.
Competition
Competition is very low in the immediate area; there is one other cleaner which is situated two miles away.
Market
The client base consists of local commercial contracted clientele and local residents.
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 Saturdays and Sundays.
• Increasing the product line to include clothing storage and cleaning accessories.
• 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.
Property Details
The property is terraced and is part of a parade of shops and is approximately 800ft sq ft. The front is branded with an attractive glass front. The main customer service area is tiled with a large middle unit used for processing and folding linen. It is very well presented and is very conveniently laid out. .
To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £40,000.
Financial Details
The present turnover is £41,000 per year with a gross profit of £36,000 and a net profit of £8,000. The present value of the stock is £800.
The potential turnover of the business within the next 3 years is forecast to reach £82,000 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 the Lillington area of Leamington Spa in the Midlands.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- Area offers exceptional lifestyle.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A445 and B4453.
The original length of the lease was 21 years with 18 years remaining. The rent is £4,700 pa with a review in 2012. The lease may be renewable or negotiable for longer term if required. The rates are £900 pa.
Monday to Friday: 9am to 6pm
Saturday and Sunday: Closed
UK Non-Specific
£ 800,000
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