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Well Established Dry Cleaners And Florist Business

Maidstone, Kent, England

  • Leasehold Price: £109,995  Price Reduced arrow_drop_down
  • Turnover: £130,000
  • Gross Profit: £90,000
Seller Reference: 14022 J
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Business Description
 
 
 
 
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Seller Reference: 14022 J
Request Details
Business Description
Business
Hilton Smythe are delighted to offer to the market a dual business opportunity of a well-established and respected dry cleaners and florist business to the market. Now coming to the market to allow our client to retire.

Fabricare was first established in 1988 and Arabesque Florist in 1990. The florist was then re-located to this location in 2003. The mix of the businesses is approximately 60% dry cleaners and 40% florist trade.

The well-respected dry cleaners is currently run to suit with only retail and domestic customers being serviced; currently offering full laundry services including washing of duvets, curtains, bedding and towels, wedding dresses, dry cleaning, ironing, shoe repairs and key cutting. The array of equipment included and size of the premises would be key to double current turnover by adding the commercial arm of the business previously undertaken by our client.

The florist is stand alone with its own front entrance and enjoys a 50/50 split between walk in customers and local deliveries through its own telephone number orders and E florist.

The businesses work well together; however, any new buyer may wish to use the smaller florist retail unit for a different retail use pending in their business needs. The unit cannot be sublet.

Full handover period offered.

Location
Fabricare Valet Service and Arabesque Florist occupies a prominent trading position on Tonbridge Road, Barming, Maidstone in Kent.

The corner position takes full advantage of the cross section of the B2246 and Tonbridge road (A26) which leads directly into the centre of Maidstone.

There is plentiful, free parking in the neighbouring side streets and in front of the business as well as a range of complementary independent shops and businesses including a very large residential estate. Maidstone hospital is less than a mile away and directly across from Gatland recreation ground.

The thriving area is connected by 2 mainline train stations as well as the M20 cross country motorway connecting from Dover in the east which is 43 miles away and west to London which is 40 miles away.

Premises
Period property which offers two front retail shop units, several large areas of work rooms to the rear and 2 separate living accommodations to the first and second floors.

Briefly comprises -

Dry cleaners: -
Customer waiting area with original L-shaped wooden service counter and a 400-rotary carousel system which links the front of the shop to the rear work area.

The dry-cleaning work areas include 3 x linked preparation areas with the following equipment:
2 x Jamey key cutting machines
Ironing table
2 x finishing tables
Hoffman press
Spotting table
Clothes weighing scales
Dane 15kg dry cleaning machine
Steam boiler with water softener
2 x 50lb gas dryers
Jla 35lb washing machines with auto dosing

Chemical room storage.

Staff toilet.

Florist –
Smaller unit with flower display area, celebration balloons, sink area with storage, service counter and till point.

First Floor

(Above florist and adjacent shop unit)
2 x large storerooms used for staff.

First floor accommodation-
Large office or potential living or bedroom, kitchen and toilet.

Separate studio flat includes open plan sitting area and sleeping area with en-suite shower room.

Second Floor

Second floor accommodation-
2 x double bedrooms, large living room, fully tiled bathroom and kitchen.

External

Large rear yard with additional store rooms and side access to the alley way and street.

Tenure
Leasehold business opportunity.
Original 21 year lease.
Now expired, landlord has confirmed a new lease will be agreed with the purchaser.

£13,000 rent per annum for the entire building.

Zero business rates.

Hours
Monday to Saturday: 8.30am - 5.30pm
Sunday: Closed

Staff
Our client works full time at the business with the help of a part time family member, part time driver and two-part time florist’s.

Financial Profile
2016 accounts show a turnover of £130,000 (£80,000 from dry cleaners and £50,000 from the florist).

Tenure:
Leasehold
Listed by:
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