VERY BUSY DRYCLEANERS GREAT LOCATION
Price:
Leasehold - £75,000
Location:
Kent , Gravesend
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 £26,000 with a net profit of £8,500 (see financial summary below).
- A business with great potential which has not been exploited because the owner has another business.
- An easily run operation.
- A good first time buyers business and ideal purchase for partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides Dry Cleaning, Laundry and Ironing.
History
Phoenix Business Transfer Agents are delighted to place onto the market Dappers Dry Cleaning which has been established since 1970. The business has been in the hands of the current owner since 2005 and now wishes to sell due to personal commitments.
Services
This very good business opportunity provides dry cleaning and laundry.
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
As far as competition is concerned there is another similar business some 1/2 mile away.
There is no local competition.
Market
The client base consists of locals and passing trade.
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 night and Wednesdays.
• With the introduction of a website and e-commerce.
• With an enhanced website.
• Contact with local hotels and businesses to offer a pick and laundry service.
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 has wooden floors, shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear is a store room. There is a toilet, staff facilities and a fully equipped kitchen.
BASEMENT
The basement consists of 2 very large rooms.
EXTERNAL
To the front there is parking for one car.
To the rear is a shared yard for rubbish.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £25,000.
FINANCIAL DETAILS
The present annual turnover is £26,000 with a gross profit of 70% and a net profit of £8,500. The present value of the stock is £200.
The potential turnover of the business within the next 2 years is forecast to reach £60,000 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 Gravesend.
- Prominent location on main arterial road.
- Part of a parade of shops which is in close proximity of a major shopping center.
- Excellent parking facilities.
- Industrial estates nearby.
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the M25 and M2.
- Large town center and shopping centers all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
Monday to Saturday: 8.00 am – 6.00 pm with ½ Day on Wednesday.
Monday to Saturday: 8.00 am – 6.00 pm with ½ Day on Wednesday.
North Yorkshire
£ 750,000
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