PROFITABLE EASILY RUN DRY CLEANERS HOUNSLOW
Price:
Leasehold - £27,000
Location:
London, Hounslow
Business Type:
Service Businesses
The particular highlights of the business are:
- A well located business.
- Ideal first time business for sole trader.
- All dry cleaning and alterations sub contracted leading to a simple business model.
- The turnover is £33,800 pa with a net profit of £20,800 after all benefits.
- Premises and equipment has been designed around one operator.
- A really excellent opportunity to enjoy a stress free business
- Good regular clientele which ensures good cash flow.
- Well priced business for quick sale.
- Genuine reasons for sale. The business is certainly not in trouble.
- Very good opportunities to improve turnover and profits.
- No previous experience is required as full training is available for all systems.
- No VAT charges.
History
Phoenix Business Transfer Agents are delighted to place onto the market this easily operated business which has been established since 2003. The business has been in the hands of the current owner since 2005 and he now wishes to sell to purchase a larger business in the same industry closer to Central London .
Services
This very good business opportunity provides a dry cleaning and alterations service. All work is sub contracted with basic clothes washing and ironing facilities.
Staffing
The business is operated as a sole trader operation with no staff.
Owners Role
The owner runs the business during opening hours, mainly dealing with customers and washing and ironing clothes.
Marketing
There has been quite extensive marketing undertaken including local leafleting, in the doctor’s surgery nearby and the yellow pages.
Competition
As far as competition is concerned there are 2 other dry cleaners within a 3 mile radius. The owner prides himself on the quality of service offered and has gained a good local reputation. The 2 other dry cleaners are staff run so the owner feels he has an edge on them for customer service.
Market
The client base consists of residents and workers and some occasional passing trade from the advertising done.
Opportunities
There are ways in which the business can be expanded and made more profitable. Machinery could be purchased to do the dry cleaning in house. Furthermore there are no agencies at present and a network could be developed. The level of clientele is linked with the levels of marketing undertaken.
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 premise is a terraced brick building with very prominent and well branded signage which is very noticeable from the main road. It is tidily and well presented and has a serve over counter spreading along its width. It is very visible from the road and has created a friendly environment. The rear is open plan and further to the rear there is overflow clothes racking.
The ironing and washing areas are designed so that the customers are visible whilst working.
There is no living accommodation with the lease but there may be the possibility of renting separately.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £5,000. This includes 2 sewing machines, a spotter and a till as well as a domestic washing machine and dryer.
External
To the front there is the main arterial road.
To the rear there is the toilet and a small courtyard.
Financial Details
The present turnover is £33,800 per annum with a gross profit of 90% and a net profit of £20,800. The wages are £0. The present value of the stock is £0.
The potential turnover of the business within the next 2 years is forecast to reach £50,000 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.
- Located on the main road into the town centre of Hounslow. The Whitton Road leads onto the High street and the town centre is less than 1 mile away
- The business is part of a local parade of terraced shops which is used by locals and workers both office and retail.
- There is very good traffic flow which advertises the business well.
- Hounslow itself is well linked with the M4 and is handily placed for Slough and London.
- There is free parking nearby and the premise is surrounded by a well populated residential area which is a yet untapped market.
- Very manageable premises for an owner operator.
- A good vibrant and busy commercial area with lots of business activity.
The original length of the lease was 18 years with 16 years remaining. The rent is £5,000 pa with a review in 1 year. The lease may be renewable or negotiable for longer term if required. The rates are £1,000 pa.
Monday to Saturday: 9.30am to 6pm
Sunday: Closed
North Yorkshire
£ 750,000
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