Busy London Dry Cleaning And Laundry Business For Sale

Business description

Established in 1988 the current owner purchased this successful business in 2000 and has since achieved growth through the acquisition of several local commercial contracts. As well as benefiting from the passing trade offered by the well-sited leasehold premises located on a busy road in North London. This is surrounded by dense residential areas occupied by people with busy lifestyles, this is a high quality, well-equipped dry cleaning, laundry and hand pressing business primarily serving both local commercial contracts and local domestic customers. It specialises in cleaning, laundering and hand pressing hotel linen and laundry, ladies and gents clothing, evening and formal wear, household fabrics, bedding and curtains.

This business takes great pride in offering a high standard of Customer service, whilst still operating realistic and competitive prices. The business maintains high levels of repeat business from the many customers that live and work in the area, as well as from the local hotel contracts they have. This is a lucrative area of the business and is operated on a collection and delivery basis. The surrounding area comprises several densely populated residential suburbs and the shop is highly visible by the cross roads of two very busy main roads, among several other shops. Prominently positioned close to a busy tube station this business is ideally located to take maximum advantage of the very high volumes of traffic passing its door every day, many of whom take advantage of the fast turnaround service offered, as they drop off their dry cleaning or laundry in the morning and collect when returning home in the evening.

The fully equipped shop has been very well maintained and everything required to run a business of this nature is included in the price and all equipment is maintained to the highest standards.

With turnover in excess of £156,000 per annum this represents an excellent opportunity for any existing operator to add to their portfolio of dry cleaners outlets or for a new entrant to acquire a profitable, very well regarded dry cleaning and laundry outlet with a significant repeat customer base and excellent growth potential.

Customer Service:

The business has the systems, processes and people to ensure that both productivity and customers’ orders are satisfied. The most important aspect of customer management and satisfaction considered by the business is honesty and is responsible for the business retaining many customers and the reputation for which has led to the acquisition of many new customers.

High quality service, with flexibility, honesty, reliability and good value, every order request is important and customers always come first. The result is self evident in the business’s sustained level of repeat business.

Key Strengths:

The key strength to this business is its high level of customer care in partnership with the speed and reliability in collecting, cleaning, pressing and returning the linen and are known not only as offering a reliable and quality service but also for the knowledge and expertise of the staff, particularly in stain removal and hand pressing. This is a business built upon establishing good relations with their customers and offering a service and reliability second to none. They also enjoy high levels of awareness from passing traffic and custom. It is very well established and very profitable, with a loyal customer base, retaining a high level of repeat business, particularly amongst a number of customers returning on a regular basis and having done so for many years, some for as many as twenty years!

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

This is a cash positive and cash generating business with turnover of circa £156,000 per annum with good gross and net profits.

Full financial information is available, subject to the signing of the Confidentiality Agreement.

Property information

Property:

Leasehold

Lease terms:

There is a twenty year renewable lease in operation which expires in 2023 and has five yearly rent reviews. Current rent is £14,500per annum with rates of £6,500 per annum payable.

Location:

Located on a busy main road in the densely populated part of North London this business enjoys a prominent position by the crossroads of two very busy main roads and is not far from a tube station. It has a glass double fronted frontage leading to the customer area and counter with racking and dry cleaning to the rear. Stairs lead down into the basement where the laundry machines and tumble dryers area located with w/c etc.

There is a twenty year renewable lease in operation which expires in 2023 and has five yearly rent reviews. Current rent is £14,500per annum with rates of £6,500 per annum payable.

Other information

Expansion potential:

Growth and Expansion:

The current market for this business’s services is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.

Competition / Market:

The business has built up a superb reputation by word of mouth recommendation and enjoys a high level of repeat business, which is maintained by a strong client rapport, by valuing its customers and striving for the best in customer service. There have not been any sales or marketing strategies in place or implemented, nor is there a internet website address. With the right amount of focus in these areas, this business is ideally situated to forge ahead, to a greater level of turnover and profitability.

Support & training:

The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.

Reasons for selling:

The owner has other family commitments and businesses that are now full time commitments.

Trading hours:

Monday – Friday 8.00 – 6.00 ,Saturday :9.00 – 6.00