THRIVING LEASEHOLD DRY CLEANERS
Price:
Leasehold - £125,000
Location:
East Sussex, Ticehurst
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 £69,000 with a net profit of £35000 (see financial summary below).
- A business with great potential which has not been exploited.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for partnership or sole trader.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides full laundry dry cleaning and sewing services.
History
Phoenix Business Transfer Agents are delighted to place onto the market this thriving Dry Cleaners which has been established for over 30 years. The business has been in the hands of the current owner since 2002 and now wishes to sell and concentrate on a sewing and teaching business from home.
Services
This very good business opportunity provides high quality cleaning, laundry and sewing services.
Staffing
The concern employs 2.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business in the local village web site.
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
As far as competition is concerned there is another similar business some 10 miles away.
There is no local competition.
Market
The client base consists of locals.
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.
• Increasing the opening hours to include late evening.
• Increasing the product line to include shirt service.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• With a collection service for local agencies.
• Laundry service for local B&B Pubs etc.
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 is part of a parade of shops. The front is branded with an attractive glass front. The main customer service area is wooden with shelving and racking to the walls. The rear of the unit houses washing /dryer’s, pillow machine, King Size sheet ironer and a 50 lb gas powered tumble dryer.
There is a toilet and staff facilities.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £35,000.
FINANCIAL DETAILS
The present annual turnover is £68,000 with a gross profit of 70% and a net profit of £35000. The wages are £13,000. The present value of the stock is £ rolling stock.
The potential turnover of the business within the next 2 years is forecast to reach £80,000 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 Ticehurst.
- Prominent location off the main road.
- Part of a parade of shops.
- Excellent parking facilities outside and close by.
- Surrounded by densely well populated residential area with schools and other local amenities and other villages.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Well linked with the main road to Hastings.
- Many villages lie close by.
- A lifestyle area.
- Excellent local demographics for this type of area.
The original length of the lease was 10 years with 2 years remaining. The rent is £4750 pa. The lease may be renewable or negotiable for longer term if required. The rates are £580 pa.
Monday to Friday: 9.00 am – 5.00 pm.
Saturday: 9.00 am – 5.00 pm.
North Yorkshire
£ 750,000
|
|
Business Services that may be of Interest:
|
|
|