Well Presented And Managed Leasehold Dry Cleaners In Winchester Price Reduced | | Winchester Hampshire | | Phoenix Business Agents are delighted to place onto the market this Leasehold Dry Cleaners which has been established since 2003. The business has been in the hands of the current owner since 2005 and he now wishes to sell due to retirement. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 62765
ADVERT IMPRESSIONS : 7,987 TIME(S) | | | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Dry Cleaners | | SALE: | Agent Sale | ASKING PRICE: | £79,500 | LEASEHOLD: | £79,500 | ANNUAL RENT: | £9,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated close to the Town Centre of Winchester in Hampshire.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities on the main road.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- A commercially thriving area.
- Well linked with the M3, A34, A31 and A33.
- Eastleigh, Southampton and the South Coast all lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £70,000 with a net profit of £19,989. (See financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides Dry Cleaning, Alterations, Laundry, Carpet Cleaner Hire and is an agent for Shoe Repairs and Key Cutting.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Leasehold Dry Cleaners which has been established since 2003. The business has been in the hands of the current owner since 2005 and he now wishes to sell due to retirement.
Services
This very good business opportunity provides Dry Cleaning, Alterations, Laundry, Carpet Cleaner Hire and is an agent for Shoe Repairs and Key Cutting.
Staffing
The concern employs one part-time member of staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There are only very low levels of local competition.
Market
The client base consists of local residents with high levels of passing trade.
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.
• Increasing the services to include delivery and pick up.
• Increasing the radius of the service by developing agents.
• Becoming more efficient with staffing levels.
• With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is terraced and is part of a parade of shops and is approximately 200 sq ft. The front is branded with an attractive glass front. There is an external CCTV system covering the front and rear of the store. The main customer service area is carpeted with shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear is a service area. There are a toilet and staff facilities.
External
To the rear there is a parking space and rear access for deliveries and dispatches.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £32,000.
Financial Details
The present annual turnover is £70,816 with a gross profit of £54,748 and a net profit of £19.989. The present value of the stock is £600.
The potential turnover of the business within the next 2 years is forecast to reach £125,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Trading Hours
Monday to Friday: 8.30 to 5.30pm
Saturday: 8.30 to 5pm
Sunday: Closed
Tenure
The original length of the lease was 15 years with 6 years remaining. The rent is £9,000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £1,290.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £90,000
Ref: 2130
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller. | | | | | | FOR SALE | | | | | REFERENCE: | 2130 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
