Dry Cleaners for sale in Newark

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Specialist Dry Cleaners - Newark-on-Trent

Newark, Nottinghamshire, England

  • Leasehold Price: £49,950  Price Reduced arrow_drop_down
  • Annual Turnover: £65,755
  • Annual Gross Profit: £51,456
Seller Reference: 6239
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Business Description
 
 
 
 
 
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Seller Reference: 6239
Request Details
Business Description
Thriving Town Centre Location
**Accounts Year End 31st May 2018**
Annual Turnover £65,775 (31 May 18)
Gross Profit £51,456 (31 May 18)
Situated On Perimeter Of Retail Park
Next To Multiples including Morrisons
No Other Local Competition
Handover Period Offered
Impressive Reputation & Customer Base
Large Free Customer Car Park
Tremendous Scope To Develop Business
EPC - G
REF 6239 – Leasehold Specialist Dry Cleaners

Blacks Brokers are pleased to bring to the market this leasehold specialist dry cleaners located in a busy and much sought-after area of Newark-on-Trent, Nottinghamshire.

INTRODUCTION

Dryclean Plus has been trading on Bargate since 2009 with our client in ownership since 2010 and over that time it has firmly established itself within the local community. Our client has a rich knowledge of this business sector with much experience and has brought an exceptional reputation to the business since 2010. Dryclean Plus offers a range of dry cleaning for items including wedding dresses, suits and scarfs. The business also specialises in stain removal – particularly for silk garments and has customers from as far away as London that courier items here due to the astounding reputation gained. Laundry services include duvets, sports kits and household items such as curtains, cushion covers and so on. Our client also offers collection and delivery as well as a one-day service. The business has an active database of local customers, gained through local marketing and word of mouth and 300 of these customers have joined the loyalty card scheme that our client offers. There are also three commercial cleaning contracts in place. This business will require a hands-on owner operator with a passion for working in this sector.

LOCATION

The business occupies a superb trading position in Newark town centre, on the corner of Slaughterhouse Lane and Northgate. This is a new, purpose-built retail development which also houses multiples including a Morrisons superstore. The area is therefore densely populated commercially with lots of attractions nearby including the Newark Museum and Newark Castle and Gardens and has excellent public transport links in place with both Newark Castle Station and Newark North Station within walking distance. Newark is well linked by the A46 and parking is available in the immediate area.

REASON FOR SALE

The business is only being offered for sale due as our client is relocating. Our client is willing to stay on at the business for a period of time to deliver full training if required and to ensure smooth handover and offer continuity to the client base.

LEASE

The building is available on a competitive rent on a Full Repair and insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is fifteen years with rent reviews every three. The current lease began in 2009 at a cost of £240 per week.

BUILDING LAYOUT AND DESIGN

Dryclean Plus operated from a very well presented, end-terraced property that occupies a superb trading location and although a relatively new property, it is very much in keeping with Newark’s more historical buildings. The business has clear, modern signage on display with matching, glazed frontage. Inside, there is a main reception area with customer service counter which is welcoming and well-presented. To the rear of the counter is a spacious, fully-equipped workshop area with all pressing equipment, cleaning equipment and rack hanging space. There is a private office area, kitchenette and toilet all within the first floor.
Each area is finished well with excellent quality fixtures and fittings in place and a full inventory is available on request.

STAFF

The business is currently operating with our client and partner working in a full-time basis.

FINANCIAL DETAILS

Dryclean Plus has traded solidly since opening. The business generates an £65,775 (31 May 18) with Gross Profit £51,456 (31 May 18). Full financial details are available upon viewing.

SUMMARY

This leasehold business offers an exceptional opportunity for a new owner to reap the benefits of our client’s superb reputation and vast customer base. There is plenty of scope to develop the business further with the introduction of a more comprehensive website with booking system, a social media presence and potential to enter more into the corporate market. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Renzacci Progreess 35 Club Drycleaning Machine

Pony Cosmos E Finishing Cabinet & 18 KW Boiler

Pony Silver SV Finishing Table

Pony Jolly Cold Spotting Table

Hawo HP630KST Bagging Machine

Air Compressor

Renzacci Waste Drum Connection Kit

Blowdown Vessel

IPSO HC165 High Spin Washer Extractor

Plinth for HC165 Washer Extractor

Hot Water Heater for HC 165

Water Container

Water Pump

IPSO HC 45 High Spin Washer Extractor

Plinth for HC45 Washer Extractor

Tumble Dryer

2 x Clothes Rails

2 x Shelf Tech Systems Racks

Stainless Steel Spotting Table with Chemical Bund

2 x Clothes Cages

3 x Plastic Clothes Bins

4 x Storage Cupboards

Work Table

Portable Storage

All Shelves, Counter & Garment Rails

LED Sign

Packard Bell PC with Desk & Chair

Cannon Printer

Kettle & Toaster
Trading hours:
Mon - Sat - 8.30am - 5.30pm Sunday - Closed Winter Mon - Sat - 9am - 5pm Sunday - Closed
Tenure:
Leasehold
Location Details:
Newark-on-Trent
Leasehold Term:
£240 Per Week
Listed by:
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