Superbly Presented And Newly Equipped Launderette In Bristol Price Reduced | | Undisclosed Bristol | | Phoenix Business Transfer Agents are delighted to place onto the market this leasehold launderette which has been established since 2010. The business has been in the hands of the current owner since inception and he now wishes to sell due to relocatio | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 70646
ADVERT IMPRESSIONS : 14,482 TIME(S) | | | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Launderettes | | SALE: | Agent Sale | ASKING PRICE: | £172,000 | LEASEHOLD: | £172,000 | ANNUAL RENT: | £12000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in the Redfield area of Bristol.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent free parking facilities nearby.
- 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.
- Commercially thriving area.
- Well linked with the A420, A431 and the A420.
- Bristol City Centre, Clifton and Bath all lie close by.
- Area enjoying much growth and regeneration.
- 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 favourable lease terms (see below).
- Turnover in excess of £100,000 pa with a net profit of £33,000 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a husband and wife team
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a launderette and dry cleaning service.
History
Phoenix Business Transfer Agents are delighted to place onto the market this leasehold launderette which has been established since 2010. The business has been in the hands of the current owner since inception and he now wishes to sell due to relocation.
Services
This very good business opportunity provides a launderette and dry cleaning service.
Staffing
The concern employs no staff and is family run.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
The owner markets the business via local residential leaflet drops and has a website.
Competition
There is no local competition.
Market
The client base consists of local residents with good volumes 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.
• Developing commercial contracts and a network of agents.
• Becoming more efficient with staffing levels.
• With an enhanced website.
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, part of a parade of shops and is approximately 600 sq ft. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is tiled. It is very well presented and is very conveniently laid out.
To the rear is a store room and processing area. There is a toilet and staff facilities.
Equipment with Sale
All fixtures, fittings and equipment are included in the sale price and are valued at £100,000.
Financial Details
The present annual turnover is £104,000 with a net profit of £33,000. The present value of the stock is £900.
The potential turnover of the business within the next 2 years is forecast to reach £208,000 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 Saturday: 08.00am – 8.00pm
Sunday: 10.00am – 4.00pm
Tenure
The original length of the lease was 21 years with 19.5 years remaining. The rent is £12,000 pa with a review in 2013. The lease may be renewable or negotiable for longer term if required. The rates are £5,000.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £170,000
Ref: 2392 | | | | | | FOR SALE | | | | | REFERENCE: | 2392 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
