| (REF: 1662) Two Profitable Dry Cleaners In North Devon |
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| Seller Reference: |
1662 |
| B4S Reference: |
17448 |
| Asking Price: |
£89,000
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| Net Profit: |
£16,000 |
| Sales Revenue: |
£95,000 |
| Number of Staff: |
3 |
| Established For: |
24 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Ilfracombe, Devon, United Kingdom |
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The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £90,000 with a net profit of £17,000. (See financial summary below).
- A business with great potential which has not been exploited because the current owner does not have the time to invest in growing the client list.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
History
Phoenix Business Transfer Agents are delighted to place onto the market two profitable dry cleaners in north Devon which have been established since 1986. The businesses have been in the hands of the current owners since 1986 and they now wish to sell due to retirement.
Services
This very good business opportunity provides dry cleaning and key cutting.
Staffing
The concern employs 3 staff who all work part time. All staff would stay on after a sale.
Owners Role
The owners role is hands on and he works six days per week.
Marketing
The owner markets the business in local focus magazines and does not have a website.
Competition
As far as competition is concerned there is very little in both locations.
Market
The client base consists of local residents and tourists.
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.
Target local hotels/guest houses for contract cleaning.
Increasing the opening hours to include Saturday afternoons.
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 two properties are terraced and form part of a parade of shops. The front is branded with an attractive glass front. The main customer service area is carpeted with a middle aisle and shelving and racking to the walls. It is very well presented and is very conveniently laid out.
To the rear is a store room, toilets, staff facilities and a fully equipped kitchen.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price and are valued at £18,000.
Financial Details
The present turnover is £95,000 per year with a net profit of £16,000. The present value of the stock is £500.
The potential turnover of the business within the next 2 years is forecast to reach £120,000 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.
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Property: |
Leasehold |
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Lease Terms: |
The current lease agreement is a rolling one. The rent is £16,000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £6,500. These figures are for both retail units combined.
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Current Rent: |
16000 |
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Living Accommodation: |
No |
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Location: |
- Situated in the beautiful area of Ilfracombe and Barnstable in North Devon.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Surrounded by a well populated residential area with schools and other local amenities.
- Local population consists of residents, hoteliers, retail businesses and tourists.
- Area offers exceptional lifestyle.
- Outstanding tourist trade.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A361.
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As far as competition is concerned there is very little in both locations.
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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.
Target local hotels/guest houses for contract cleaning.
Increasing the opening hours to include Saturday afternoons.
Becoming more efficient with staffing levels.
With the introduction of a website and e-commerce.
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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.
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday to Friday: 9am - 5pm
Saturday: 9am - 1pm
Sunday: Closed
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The concern employs 3 staff who all work part time. All staff would stay on after a sale. |
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