Launderettes for sale in Leeds

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John Peacock (Feb 2017)
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Leasehold Price: £17,000 Turnover: £38,955
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Business Description
Business
Hilton Smythe is delighted to welcome to the market this well-established and popular laundry business Dry Clean 2 U, which is ideally located within Leeds.

• PRICED FOR A QUICK SALE.

The business was established in the 1960s and taken over by our client in 2013.

Only now the business is being offered to the market due to our client’s desire to concentrate on other business ventures.

The business currently operates 6 days per week and generates a turnover in the region of £50,000.

Dry Clean 2 U offers a wide variety of services. The property is very well maintained, decorated to a high standard and fitted out to suit the trade.

The business previously generated over £2500 in a week which can be achieved with a fresh take on the business and adding a collection delivery and ironing service. Dry Clean 2 U needs someone to come in and take it over and run it again.

The business has built up an excellent reputation within the area for the very high quality of the services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, to take advantage of the early evening trade. A new owner could also embark on a modest marketing campaign to highlight the business and services offered. Dry Clean 2 U would also benefit from the launch of a website to promote and advertise the business.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to acquire a well-established and busy business in a town center location.

Hilton Smythe advise early viewing must come highly recommended to avoid disappointment.

Location
The Business is located in the market town of morley, on the outskirts of the City of Leeds.

Dry Clean 2U occupies a prominent trading position within the busy shopping precinct surrounded by a host of independent and high street stores and town centre amenities, with a consistent high footfall throughout the day.

The area has excellent public transport links and is served by the M62 and M62.

Premises
Dry Clean 2 U boasts a substantial size property with clear and visible signage.

Shop:

The large window across the front and sides of the store, creates a light and airy interior.

Dry Cleaning Machines are up to date being serviced every year.

Included in the sale,

• 2 big washing machines used for contract work
• 2 big dryers used for contract work and duvets
• 1 Hoffman press
• 1 professional steam generator table and iron
• 1 jacket and trousers steaming cabinet
• Dry cleaning Machine Large Bowe P415

Tenure
We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 10 years.

Remaining lease length: 4 years as of 2018

Review period: 5 years

Rent: £9,492 per annum

We are advised there are no Business Rates payable.

Hours
Monday 8am–6pm
Tuesday 8am–6am
Wednesday 8am–6pm
Thursday 8am–6pm
Friday 8am–6pm
Saturday 9am–5pm
Sunday Closed

Staff
The business is currently ruin by our client with the help of 1 full time and 1 part time member of staff.

Financial Profile
Dry Clean 2 U generated an advised turnover of circa £38,955 as of the 2017 accounts.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04529
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