Freehold Dry Cleaning Business With Two Leasehold Outlets West Midlands | | Undisclosed West Midlands | | WEST MIDLANDS FREEHOLD DRY CLEANING BUSINESS WITH TWO RETAIL OUTLETS Dry cleaning factory located in industrial estate, One shop in Coventry, one in Birmingham - both on leasehold Good client base & margins A/T: £240,000 GP: 50% | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 48974
ADVERT IMPRESSIONS : 23,105 TIME(S) | | | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Dry Cleaners | | SALE: | Agent Sale | FREEHOLD: | £295000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | HISTORY
The vendor has been in ownership for the last 10 years. A well known and respected business throughout the areas covered in the West Midlands.
REASON FOR SALE
Retirement
PRODUCTS & SERVICES
All dry cleaning work is undertaken ranging from hotel linen to wedding dresses.
CUSTOMERS
Customers are both commercial (approximately 15 contracts) - which is collected and brought back to the factory, and domestic, which is generally taken to the retail shops.
STAFF
The vendor works in the business, as and when required, but is generally on the factory premises full time.
TRADING HOURS
TBC
FINANCIALS
The vendor has informed us that the monthly combined totals for the shops and hotel contracts are as follows:
Sales Per month
Jan £16,500
Feb £19,000
March £23,000
April £19,500
May £22,000
June £19,500
OVERHEADS
Shop Rent - Coventry £14,400pa
Shop Rent - Birmingham £20,000pa
PREMISES
The factory premises benefits from
• 4 offices
• Large open layout with all cleaning equipment installed
• Total size of approximately 4,800sqft
• Excellent car parking and delivery access
Coventry Shop
Main road location.
Ground Floor:
• Large single fronted shop.
• Main sales area with clothing and shoe displays.
• Changing room and sales counter.
• Service area to the rear, which includes key cutting.
• Office
• W/C
First Floor:
• Self contained apartment (currently occupied on a 6 month lease for £500 per month)
Birmingham Shop
• Main road location
• Large single fronted shop
• Offers key cutting and shoe repairs behind the counter.
• Large area to the rear of the shop that is currently rented out to another business.
STRENGTHS
• Very well established
• Excellent locations
• Good commercial contracts (verbal)
• Security
• Strong margins and sales
• Superb freehold and leasehold premises
• All the machinery is bought and paid for
SCOPE
• Ideal for a working couple or partnership
• Introduction of a website to increase sales
• Further promotion and advertising
• Increase commercial contracts
• Increase domestic sales
TENURE
Factory - Freehold
Rates - TBC
Coventry Shop Leasehold
We are informed that there is approx 10 years remaining on the lease.
Birmingham Shop Leasehold
We are informed that there is approx 10 years remaining on the lease.
VIEWINGS
A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 9622 B / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
