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Thriving Dry Cleaning Business In Morperth For Sale

Morpeth, Northumberland
Asking Price:
£59,950
Turnover:
£52,460
Net Profit:
Available on request

Business
Hilton Smythe is delighted to welcome to the market this dry cleaning and alterations business in Morpeth, Northumberland. This old established business has been in our clients` ownership for the past 13 years. Only now is the business offered to the market due to our clients` wish to enjoy a well earned retirement.

The business is open four full days and two half days per week and generates a turnover in the region of £52,460 with a gross profit of 95%. Our clients offer dry cleaning, launderette services and ironing services, as well as sewing alterations. The business washes for a few rugby clubs.

The property benefits from two bedroom self-contained accommodation to the first floor, which is currently let at £425 per month; this could be owners` accommodation if a new owner should wish it.

We believe the turnover could be increased by extending the opening hours and perhaps develop the ironing services. There is also scope to extend the collection and delivery service, as we believe there is demand within the area.

The business has an excellent reputation within the area with a loyal customer base and a lot of repeat trade. The business would benefit from more advertising and a website to promote the services offered.

This is an excellent opportunity for a new owner to take this thriving business to the next level; therefore early viewing must come highly recommended.

Location
Sew Impressed occupied substantial two-storey premises in Morpeth, Northumberland. The business is situated within a parade of other shops and businesses in a large residential area from which the business gets much of its trade.

The business benefits from ample on-street parking to the front of the premises. Morpeth is a busy town with good shopping facilities, restaurants and pubs. It is situated on the river Wansbeck, which flows through the east of the town.

Among historical landmarks in the town are a free-standing 17th-century clock tower, a grand town hall and a 13th century chapel called The Chantry. The area is well served by the public transport system with several bus stops within easy walking distance of the premises. Morpeth Railway Station is located just a half mile away.

The property is within close proximity to the A1, which links to the A-road system and the vast motorway network. Newcastle is approximately 16 miles away; South Shields is 22 miles away and Whitley Bay 15 miles away.

Premises
Sew Impressed occupied substantial two-storey premises in Morpeth, Northumberland. The business is situated within a parade of other shops and businesses in a large residential area from which the business gets much of its trade.

The business benefits from ample on-street parking to the front of the premises. Morpeth is a busy town with good shopping facilities, restaurants and pubs. It is situated on the river Wansbeck, which flows through the east of the town.

Among historical landmarks in the town are a free-standing 17th-century clock tower, a grand town hall and a 13th century chapel called The Chantry. The area is well served by the public transport system with several bus stops within easy walking distance of the premises. Morpeth Railway Station is located just a half mile away.

The property is within close proximity to the A1, which links to the A-road system and the vast motorway network. Newcastle is approximately 16 miles away; South Shields is 22 miles away and Whitley Bay 15 miles away.

Tenure
We are advised Leasehold:
Rent: £10,500 per annum.
New lease to be negotiated.

Hours
The business is open:
Monday – Wednesday: 9.30am – 5.30pm
Thursday: 9.30am – 1.30pm
Friday: 9.30am – 5.30pm
Saturday: 9.30am – 12.30pm

Staff
The business is owner run and managed with 2 x part-time staff members.

Financial Profile
The business generates a turnover in the region of £52,460 with a gross profit of 95%.

Property information

Property:

Leasehold

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