Dry Cleaners for sale in Windsor

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Ideally Located Dry Cleaning Service

Windsor, Berkshire, England

  • Leasehold Price: £54,995  Price Reduced arrow_drop_down
  • Turnover: £75,000
Seller Reference: B05169
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Business Description
 
 
 
 
 
 
 
 
 
 
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Seller Reference: B05169
Request Details
Business Description
Business
Hilton Smythe are delighted to present to the market Valette Dry Cleaners, a renowned dry cleaner first established in Windsor in 1959. This highly successful and unique satellite unit first opened its doors just over 5 years ago and due to ill health, our client is now offering the business for sale and is seeking a quick sale.

The business prides itself on the quality/service of its dry cleaning and alterations services and the pricing structure is 1 of the highest in the country. The loyal customer base in this area prefer the quality of the services and not dictated by the price. The average customer spend is currently £30.

The business offers full dry cleaning services, laundry services, ironing services, alterations to both cloth and leather garments and as well as acting as an agent for a well-known bespoke curtain making service.  Currently the dry cleaning itself is carried out by a local business where our client pays only 30% of the total price charged to its customers as service commission. Commission on the made to measure curtain service with ‘iliu is approximately 120% of the cost price. Our client admits the business is now being run to suit due to health reasons and there are several quick improvements which could potentially double the existing turnover, they include -


  • Installing a dry cleaning machine within the unit

  • Reducing staffing costs by a new owner / manager being more hands on

  • Extending the opening hours including opening Sundays

  • Adding commercial work to the business, there are 11 Hotels within walking distance of the unit requiring laundry and dry cleaning services

  • Adding an inhouse curtain making service, there is currently no other curtain design/ making business in Windsor area and the demand is high

  • Advertising - adding a new website, using social media sites and Google ad word links as well as local business leaflet drop would quickly increase the awareness of the business

  • Ideal bolt on acquisition for any existing dry cleaners looking to expand


Due to the location, reputation, high profit margin coupled with the very low running costs including 0 rates paid we recommend very early viewing to avoid disappointment.

Location
Valette Dry Cleaners occupies a very enviable trading position on level 5b within the King Edward Court Car Park within the centre of Windsor. We believe this is the only dry cleaners in the U.K. to be located within a shopping centre car park which offers a consistent footfall from both visitors to the Windsor Yard shipping centre but also visitors/ tourists visiting the other shops, restaurants and bars within Windsor. And of course, the thousands of visitors to the town visiting the Queen's favourite Royal home, Windsor Castle.

Windsor is a beautiful town on the River Thames in southeast England, located just west of London. Windsor castle has been the Royal family's home since the 11th century and following the fire in 1992 is open for public tours which has had a significant boost to the businesses located within the Town.

Windsor is located 5 minutes from both the M25 and M4 motorways which leads commuters directly into the centre of London.

The nearest mainline station is Windsor and Eton Central.

There is a designated customer parking space directly outside the unit as well as many available parking spaces within the car park. Being located in a car park ensure customers do not have to worry about carrying dry cleaning through a town, especially difficult in bad weather.

Premises
Front - designated customer collection parking space

Customer waiting area - leather sofa, ‘iliu’ curtain display unit.

Service counter - Spot express Epos till system, card machine, CCTV monitoring point, hanging rail units to both and left and right

Workroom area 1 - includes fixed tables to both sides which includes a leather alterations machine, hemming machine, over locker, 3 sewing machines including 1 Singer, a customer changing room, iron and ironing board.

Rear workroom - includes a laundry area with 2 washing machines, 2 tumble dryers, staff kitchen area, clothes rails, staff cloakroom and toilet, large office area which includes a large management desk, filing cabinets, 2 PCs and 2printers, lots of extra storage areas, iron and ironing board.

Tenure
The business is being sold as a Leasehold with 5 years remaining on a 10 year lease paying just £8,500 per year.
Rent for any comparable unit within this part of Windsor would be double this rate. We are also informed, there is permission to sublet any of the areas within the unit.


Hours
MONDAY TO SATURDAY - 10-6pm

Staff
The business is run and managed by our client with the help of 2 part time alterations people who can also serve dry cleaning customers at the counter

Financial Profile
The business enjoyed a Turnover in 2018 of £75,000 with an adjusted net profit in the region of £24,000

Tenure:
Leasehold
Listed by:
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