Thriving Dry Cleaners with Great Potential
Price:
Leasehold - £89,995
Location:
London, Plumstead
Business Type:
Service Businesses
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £96,000 with a gross profit of £81,770 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple or partnership.
- Low rent and rates.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides full dry cleaning and laundry service.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Thriving Dry Cleaners which has been established since 1980. The business has been in the hands of the current owner since inception and now wishes to sell due to other business interests.
Staffing
The concern employs 3 members of staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition.
Market
The client base consists of locals and repeat customers.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increase the opening hours to include a full day on Thursday’s.
• Increasing the product line to include full ironing service.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.
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 property is terraced and part of a parade of shops. The front is branded with an attractive glass front. There are electric shutters.
The main customer service area has a wooden floor with shelving and racking to the walls. It is very well presented and is very conveniently laid out.
The basement has been refurbished to a high standard with 2 work rooms, a staff room, kitchen area and toilets.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £15,000.
FINANCIAL DETAILS
The present annual turnover is £96,200 with a gross profit of £81,770. The present value of the stock is £1,000.
The potential turnover of the business within the next 2 years is forecast to reach £120,000 pa 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.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
- Situated in the busy area of Plumstead in South East London.
- Prominent location on main arterial road.
- Part of a parade of shops in the local shopping area.
- Excellent parking facilities.
- Industrial estates nearby.
- Surrounded by well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Well linked with central London by train and bus.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
There is a new lease available with 15 years remaining. The rent is £13,500 pa. The lease may be negotiable for longer term if required. The rates are £1,400.
Monday to Saturday: 8.00 am - 6.30 pm.
Thursday: 8.00 am - 1.00 pm.
North Yorkshire
£ 750,000
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