Succesful Dry Cleaners In Affluent Sth Hampshire Suburb | | Chandlers Ford Hampshire | | ESTABLISHED 40 YEARS AGO; SAME HANDS 13 YEARS; PRIME MAIN ROAD TRADING POSITION; AFFLUENT RESIDENTIAL SUBURB BETWEEN WINCHESTER & SOUTHAMPTON; AVERAGE SALES OF £1,770 PER WEEK; ALL EQUIPMENT SED COMPLIANT; ANNUAL SERVICING RECORDS AVAILABLE; 15 YEAR LEASE | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 71796
ADVERT IMPRESSIONS : 11,627 TIME(S) | | | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Dry Cleaners | | SALE: | Agent Sale | ASKING PRICE: | £54,950 | ANNUAL RENT: | £19450 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION:
Located in central southern Hampshire, the Borough of Eastleigh is a combination of coast, countryside, quiet villages and busy towns. It stretches from Netley on the banks of Southampton Water, the historic river villages of Hamble-le-Rice, Bursledon and Botley, the developing areas of Hedge End, West End and Fair Oak, Eastleigh benefits from excellent shopping and parking facilities and the affluent suburb of Chandler's Ford which offers a mix of high-value residential property and modern business parks. With a population of over 117,000 the Borough of Eastleigh has seen a rapid and controlled expansion in residential, industrial and commercial development over recent years. It enjoys excellent communication links by road, M3 & M27, main line rail and air. Nearby Southampton International Airport attracts more than 11 airlines serving around 40 destinations, its 1.5 million passengers passing through each year have helped promote the Borough as an ideal base for companies setting up in the region. It is also ideally placed for visiting the natural outstanding beauty of the New Forest, the Isle of Wight and the Dorset coastline and the historic towns of Winchester, Salisbury and Romsey.
BUSINESS:
This is an established and succesful dry cleaning and laundry business located in a prime trading position in the heart of an affluent residential suburb between Winchester and Southampton. It is located next door to a major supermarket with free car parking to the rear. The business has traded from the same site for over 40 years and been in the same hands for the past 13 years. In addition to traditional cleaning services, the business also undertakes tailoring alterations, shoe repairs and offers a range of haberdashery items. Bird seed is also offfered for sale. Previously supplied by the fruit and vegetable shop next door, which has closed down, bird seed sales in the region of £150 per week are regularly achieved. The business reports sales averaging £1,770 per week with rent and rates of £500 per week which reflect the quality of the prime trading position.
BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
The 16' (4.9m) wide shop front benefits from a maintenance-free aluminium, fully glazed sign-written frontage with a central single casement door. Opening into the 275 sq ft (26 sq m) retail area with carpet tiles under a suspended ceiling with neon diffuser lighting. A customer reception counter has been installed with touch screen
BUSINESS PREMISES (contd):
(all sizes are approximate & should be considered 'nominal'.)
Drystream Touch till with integrated service booking system. The retail area is fully racked and railed with an extensive display of haberdashery items. The garment cleaning and finishing area to the rear has a quarry-tiled floor measuring 16' wide (4.9m) by 20'10" (6.3m) in depth offering 330 sq ft (30 sq m) of useable floor space. There is a third ground floor area housing the commercial grade washing machine and tumble dryer, toilet facilities and rear door opening into the reserved car park. Stairs lead up to a mezzanine floor where the owner has an office and a further room which used as a drying area for bedding.
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.
EQUIPMENT INCLUDED:
MITO28 13kg Dry Cleaning Machine (1996) SED Compliant
Hydrovane Compressor
Garment Former
Manually-operated Steam Press
IPSO25 Washing Machine
Firbimatic Tumble Drier Twin Stack
Polybag Machine
DryStream Touch Till
Note: Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.
OUTSIDE:
There is a trader's reserved car parking space to the rear and a paved pedestrian area and sheltered bus stop to the front of the premises with a national supermarket next door.
TENURE:
The premises are secured on a renewable, fully repairing and insuring 15 year lease which commenced on the
26th of September 2006 at an annual rent of £19,450. There are 5-yearly rent reviews with the next review due in 2016.
The Landlord has confirmed in writing the rent was not to be increased at the 2011 review.
RATES:
The rateable value of the business premises is £17,750 with rates of £7,685 payable in 2011/12.
NOTE:
This information has been obtained either from the current rate demand for the property, by telephone from the local authority or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that potential buyers make their own enquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.
SERVICES:
We understand from the vendor that all mains services are connected to the property.
TRADE:
Management accounts inspected by Adams & Co show turnover of £88,650 for the year ended 31 March 2012 compared to £94,697 for the year ended 31 March 2011. Sales of bird seed accounted for £7,637 £9,296 of annual turnover. The downturn reflects the general tightening of consumer spending in the current recession.
Please note that if a business is VAT registered, all figures exclude VAT.
HOURS:
Monday to Friday 08.30 to 17.00
Saturday 08.30 to 16.00
Sunday Closed
STAFF:
The Vendor works in the business 7 hours a day, 3 days per week plus 3 hours on a Saturday morning. He is supported by 3 part time staff working 8 hours per day 2 days per week, a part time assistant working 6 ½ hours per day 2 days per week who does pressing and a Saturday employee working 7 ½ hours.
STOCK:
The vendor informs us that the value of the stock is approximately £3,000
GUIDE PRICE:
The vendors are seeking £54,950 for the lease, business goodwill, fixtures, fittings and equipment, subject to inventory, plus stock at valuation.
LEGAL FEES:
Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord's legal costs on a 50/50 basis. If a buyer wishes to negotiate a 'new' lease, they will be responsible for all the landlord's legal costs.
COMMENTS:
Here is an excellent opportunity for a full time hands-on owner/operator to take over an established, profitable business and to improve net profits via reductions in the annual wage bill.
Financial information will be made available to seriously interested purchasers after they have formally viewed the business.
| | | | | | FOR SALE | | | | | REFERENCE: | HW1422 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
