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S Martin (Feb 2013)
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Leasehold Price: £45,000 Turnover: £52,000 Gross Profit: £42,120
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this busy laundry and ironing service business, which is ideally located within the village of Bramley, near Rotherham, South Yorkshire.

The business was originally established over 20 years ago and has been in our client’s careful ownership since 2011. Only now is the business being offered to the market due to our client’s own personal reasons. The business currently operates 7 days per week and generates a turnover in the region of £52,000 per annum, with a gross profit of approximately 81%.

Our client offers a wide variety of services including a full laundry service, washing, drying, ironing, dry cleaning, carpet cleaning, curtain cleaning and alterations, to name a few. Customers can call into the shop and drop off laundry and either pick it up or our client delivers, within a 7-mile radius, free of charge. The property boasts approximately 59 sq. metres of floor space and is fitted out to suit the trade.

The business has built up an excellent reputation within the area for the high quality of the services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the excellent services offered.

This is an excellent opportunity for a new owner to take this already busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

LOCATION
Go Wrinkles occupies substantial ground floor premises, ideally located within the village of Bramley, near Rotherham, South Yorkshire. The business is surrounded by commercial properties and densely populated residential areas, from which the business derives much of its trade. The business further benefits from good car parking facilities within the area.

Bramley is a village and civil parish in the Metropolitan Borough of Rotherham in South Yorkshire. According to the 2001 census, the village had a residential population of 8,194. Bramley shops and services include a Morrison’s, the Hotel Ibis and a Bannatynes Gym.

The area of the business is served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Rotherham Central, which is approximately 5½ miles away. The area is also well served by the A-roads, with the A631 being within easy driving distance, which links to the national A-road and motorway networks. Sheffield is approximately 11½ miles away and Doncaster is 12 miles away.

PREMISES
Substantial ground floor premises in an ideal trading location, briefly comprising:

Open plan shop.

Front serve over counter.

Commercial ironing boards, all of which are connected to steam machines.

Clothing hanging rails.

Storage area for clothing to be washed and ironed.

Perimeter shelving.

Kitchenette.

WC.

Door leading to outside courtyard with steps to external building.

External building used for all the washing and drying.

Parking to rear of shop.

Equipment included:

5 x large commercial coin operated washing machines.

2 x large dryers.

Large commercial dryer (not at premises, but included).

4 x ironing stations.

Steam press.

The property has electric shutter doors and is fully alarmed.

TENURE
We are advised Leasehold:

Original lease length: 5 years

Remaining lease length: 4½ years

Review every: yearly

Rent: £450 per month

HOURS
The business is open:

Monday – Friday: 9.00am – 6.00pm

Saturday: 9.00am – 3.00pm

Sunday: Closed

STAFF
The business is owner run and managed with 1 x full time and 2 x part time staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of £52,000 per annum, with a gross profit of approximately 81%.



Tenure: Leasehold

Listed by: Hilton Smythe
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