Town Centre & Main Road Location
Annual Turnover £110,000
Gross Profit £87,360
Run By Owner - No Staff
Established Over 30 Years
Within Busy Parade & Near HSBC Bank
Healthy Profit Margin
EPC - GREF 6207 – Leasehold Tailoring Dry Cleaning Receiving Business
Blacks Brokers are pleased to bring to the market this leasehold tailoring and dry cleaning receiving business located in the much sought-after area of Weybridge, Surrey.INTRODUCTION
Dry Clean & Fit has been trading since 1983, with our client in ownership since 2001. The business is now located at 29B Church Street, but was previously located at a neighbouring property until 2013. Our client is an experienced tailor and has enjoyed continued success providing an on-site and professional tailoring and alterations service to a wide and varied customer base. The business also offers a daily dry cleaning service for customers which is taken to another service and returned to the premises by our client. The current split of turnover is 50/50 split of tailoring / dry cleaning collection. Dry Clean & Fit has some excellent online reviews and a large, repeat customer base.LOCATION
Situated on Church Street in the town centre of Weybridge, the business is well positioned for both local custom and passing trade. The area is well-populated both commercially and residentially, with many other local shops and businesses in the immediate vicinity along with a strong residential community. Roadside parking is available close by and public transport links are excellent.REASON FOR SALE
The business is only being offered for sale due to family commitments. 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 five. The current lease began in 2018 at a cost of £198 per week. BUILDING LAYOUT AND DESIGN
Dry Clean & Fit operates from a well-presented, single storey property within a busy parade of shops and businesses. The business is well branded with large, bold signage displayed to the front and side of the property. Inside, the main shop is nicely presented, with customer servery and counter with EPOS till in place and plenty of hanging space for finished garments. To the rear of the counter is a workshop area with five sewing machines, washing machine and tumble dryer. The shop also has a private changing room for customer tailoring and fitting.
All areas are presented well, with excellent quality fixtures, fittings and equipment in place and CCTV is fitted throughout.
The property does not include any living accommodation. STAFF
The business is currently operating with only our client working on a full-time basis.FINANCIAL DETAILS
Dry Clean & Fit has traded solidly during the last thirty-five years. The business generates an annual turnover of £110,000 with gross profits of £87,360. As mentioned earlier, the split from tailoring and dry cleaning service is 50/50. Full financial details are available upon viewing. SUMMARY
This well respected dry cleaning receiving shop and onsite tailoring business has been trading successfully for 35 years and is situated in the affluent town centre of Weybridge in Surrey.
Ideally suited to an existing business looking for an expansion opportunity as well as a first-time buyer looking to take over an established client base and profitable shop.
There is plenty of scope to develop the business further with the introduction of staff to increase workload, along with new services such as collection, delivery and ironing. An online presence with social media links could also be beneficial to boost marketing and local custom further. Early viewings are strongly advised. Fixtures:
x Sewing Machines
x1 Overlocker Machine
x1 Leather Machine
x1 Hemming Machine
x1 Washing Machine
x1 Tumble Dryer
CCTV with 2 Cameras
Monday to Friday: 08:00 - 18:00
Saturday: 9:00 - 17:00
£198 per week