Dry Cleaners for sale in Colchester

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Island Dry Cleaning Ltd - Colchester, Essex

Colchester, Essex, England

  • Leasehold Price: £35,000  Price Reduced arrow_drop_down
  • Annual Turnover: £107,598
Seller Reference: KBT47287
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Business Description
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Seller Reference: KBT47287
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Business Description
• OFFERS INVITED, Profitable and well established traditional dry cleaners with loyal clientelle with great potential to increase current turnover.
• Turnover 2019 of £107,598, potential to increase with additional advertising
• Genuine potential to increase income, van and equipment included in sale
• Family run business, retirement sale, viewing recommended

Profitable and well established traditional dry cleaners. Situated in the heart of a popular Essex town. Owner run and managed. Limited collection and delivery service. Modern and energy efficient machines. Genuine growth potential for any new owner. Loyal and regular customer base. Retirement sale. Leasehold Ref:47287

Well established traditional dry cleaners situated on one of the main roads within a popular Essex town close to main high street and opposite a bus station. The town centre benefits from heavy footfall from both the adjacent shops and well populated residential area which has been a large increase in the number of new houses and apartments being built in recent years.

The business was purchased by our clients 16 years ago having worked for the previous owner and provides a high quality finish. The business has therefore gained an excellent reputation for customer service and reliability under the current ownership although still offers genuine growth potential for any new owner.

Under the current ownership, the business works with a number of funeral directors although there is no formal contract in place. A limited collection and delivery service is also carried out twice a week to area’s locally and also further afield.

A modern, energy efficient dry cleaning machine was installed in c. 2014 at a substantial cost although it has allowed the business to accept certain items that require specialist cleaning that other dry cleaners within the town are unable to accept. We have also been advised that a couple of the large department stores also recommend the services of the business being offered for sale due to retirement.

In our opinion this traditional dry cleaners could increase the income by opening earlier and later to cater for the many commuters within the area and by also working with the hotels many restaurants that are within the town centre.

Summary. This is an ideal opportunity for a hands on, energetic family to build upon the reputation gained under the current ownership or an existing operator who is looking to expand a portfolio. A viewing is highly recommended to fully appreciate the town centre location, condition and overall business opportunity.
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