Profitable Established Leasehold Dry Cleaners In Cheshunt Hertfordshire | | Cheshunt Hertfordshire | | Phoenix Business Transfer Agents are delighted to place onto the market this Profitable and Established Leasehold Dry Cleaners which has been established since 1986. The business has been in the hands of the current owner since 2002 and they now wish to | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 71106
ADVERT IMPRESSIONS : 10,888 TIME(S) | | | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Dry Cleaners | | SALE: | Agent Sale | ASKING PRICE: | £140000 | LEASEHOLD: | £140000 | ANNUAL RENT: | £12800 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | 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 £104,000 pa with a net profit of £25,000 (see financial summary below).
- A business with great potential which has not been exploited because of the current owners ill health.
- An easily run operation.
- 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, laundry, tailoring and key cutting.
Services
This very good business opportunity provides dry cleaning, laundry, tailoring and key cutting.
Staffing
The concern employs 1 part-time presser otherwise the concern employs no other staff and is family run.
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 is no local competition.
Market
The client base consists mainly of local residents from this highly populated location.
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.
With a high volume of commuters living in the area there exists a great opportunity to increasing the opening hours to include early mornings and late evenings.
Increasing the services to include pick up and deliveries.
Develop commercial contracts and local agents
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 part of a parade of shops, the customer facing area is approximately 125 sq ft. The front is branded with an attractive glass front. The main customer service area is tiled with a middle aisle and shelving to the walls. It is very well presented and is very conveniently laid out.
There is front off road parking as well as rear parking and service access.
To the rear is a preparation and processing area with separate boiler room. 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 £50,000.
Financial Details
The present annual turnover is £104,000 with a net profit of £25,000. The present value of the stock is £1,500.
The potential turnover of the business within the next 2 years is forecast to reach £165,000 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: 8.00am 5.30pm
Sunday: Closed
Tenure
The original length of the lease was 15 years with 5 years remaining. The rent is £12,800 pa with a review in 2012. The lease may be renewable or negotiable for longer term if required. The rates are £1,800.
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £140,000
Ref: 1441 | | | | | | FOR SALE | | | | | REFERENCE: | 2441 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
