Quality Dry Cleaners For Sale In Hemel Hempstead, Hertfordshire | | Undisclosed Hertfordshire | | Unopposed successful dry cleaning business within the Maylands Business Estate, fantastic potential! Great location, opening hours, equipment and setup. Turnover around £1950pw with low overheads. A MUST SEE! !. Lease to let or rent Quality Dry Cleaners For Sale In Hemel Hempstead, Hertfordshire is located in Hertfordshire. | | ADVERT NUMBER : 52812
ADVERT IMPRESSIONS : 9,110 TIME(S) | | | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Dry Cleaners | | SALE: | Private Sale | ASKING PRICE: | £89950 | LEASEHOLD: | £89950 | ANNUAL RENT: | £12000 | | | | | BUSINESS DETAILS: | The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business, over five years.
- Good loyal clientele, across a range of services.
- Excellent range of equipment withinin the business.
- Projected turnover for 2011 in excess of £91, 800.
- A business with great potential which has not been exploited because the owner has multiple business interests and a young family.
- An easily run operation.
- Favorable lease terms.
- Excellent trading hours
Trading hours:
Monday to Friday 8am to 5. 30pm
Saturday: 9am to 12pm
History
This thriving dry cleaners, established since 2005, is based on the Maylands Business estate in Hemel Hempstead. The business has been in the hands of the current owner since 2005 and he now wishes to sell due to other interests and for open personal reasons.
Services
This very good business opportunity provides a dry cleaning service including agency work and most periphery services. However the core business is dry cleaning counter work from the business estate. The business does not rely on special offers, rarely using them. A 5% discount is applied for customers paying when dropping dry cleaning off, this keeps the cash flow at the business high and ensures a neglible amount of disowned garments. The business has a very healthly price list for the area.
Staffing
The business setup is so fine tuned that only the owner is needed to run the business day to day. You have to see the operation to understand the ease at which the work is carried out to a high standard, partly down the choice of top of the range equipment. A full time seamstress was recruited March 2011. All sewing work can now be carried out onsite. Seamstress also being trained as a dry cleaner.
Marketing
The business has carried out some basic marketing during 2009, none since. No website is present.
Competition
There is no competition on the business estate, furthermore there is no retail space for any future competition to emerge from.
Market
The client base is massive. There are currently 16000 people employed within the business estate, there are also several housing estates surrounding the business area. With the right sustained marketing effort i. E website or eflyers the business has limitless potential.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
· Increasing the marketing activity with direct mailings and local and internet advertising.
· Approaching the several large head office areas, Dixons, Northgate Solutions etc…
· Increase the services on offer, ironing, key cutting, premium dry cleaning.
· Increase opening hours, especially at weekends.
Property Details
The property is the end unit of a row of industrial buildings and is approximately 800sq ft, 75 sqm. The front is branded with an attractive array of digital prints advertising some of the services offered. There are two parking spaces allocated to the unit directly in front of the shop. The main customer service area has good quality flooring with a counter area. It is very well presented and is very conveniently laid out.
Equipment with sale
1 x Union 15kg Dry Cleaning Machine – New 2005
1 x Veit 30kw Steam Boiler – New 2007
1 x Veit Trouser Topper – New 2007
1 x Veit Multi Former – New 2007
1 x Veit CR2 Ironing station – New 2007
1 x Ghidini Midi spottoing table – New 2005
1 x Hawo wall mouted electric bagging machine – New 2005
1 x Drystream touch EPOS system – New 2007
1 x 9kg washing machine – New 2008
1 x Tumble dryer
1 x Brother industrial 5 thread overlocker
1 x Brother industrial sewing machine
.
Financial Details
The present turnover is £90, 000 per annum. A price increase is due at December 2010, min 5%. The potential turnover of the business within the next 2 years is forecast to reach £124, 000 just with natural organic growth at 10%. Given the changes that could be made to the business a significantly higher turnover could be achieved. 2010 has seen 15% organic growth on 2009 with zero marketing and emphasis on the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Property information
Property:
Leasehold
Lease terms:
A new lease is available.
Leasehold rent:
£12, 000 per annum, business rates of £1, 600 with SBRR
Location:
- Situated in the Maylands Business Park in Hertfordshire
- Prominent location on main arterial road
- Part of a parade of units located within the heart of Maylands
- Excellent parking facilities
- Surrounded by densely populated residential area with schools and other local amenities.
- Area offers exceptional lifestyle
- High levels of passing trade
- Good volumes of traffic and pedestrian flow
- Commercially thriving area
- Well linked with good road links
Asking Price: to include fixtures, fittings, SAV and goodwill
£89, 950. | | | | | | WITHDRAWN FROM MARKET - AWAITING DELETION | | | | | | | | | | | |
