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Chain Of Four Dry Cleaners/launderettes for Sale

Essex

Leasehold : £ 310,000

Chain of Four Dry Cleaners/Launderettes
Ref.AP024
Location East London/Essex
Asking Price £310,000
This is an opportunity to purchase four dry cleaning and launderette businesses. Located east of London and on the Essex borders, the four branches are all within easy reach of each other. The current owners have managed the business for circa five years, but the businesses have been located at the existing premises for much longer.

One of the four properties currently functions only as a dry cleaner and provides the dry cleaning to the other three launderettes. Unlike many launderettes this business has staff present at all times.

The majority of part time assistants have worked in the business long term. They are from the local area and are well known to and friendly with the large number of regular customers that use the business. The staff are all proficient at delivering the range of services offered by the business. These include ironing, serviced washes, alterations and pressing.

The four branches are located in prominent locations, surrounded by dense residential areas occupied by people with busy lifestyles. This is a high quality, well-equipped dry cleaning, laundry and pressing business primarily serving domestic customers. The business is split with something like 55% of turnover coming from the dry cleaning side.

With turnover in excess of £300,000 per annum from a staff run business this represents an excellent opportunity for an owner operator to significantly to improve profits from this ideally situated business.


Trading Hours: Launderettes: –Seven days 8.0 am – 7.30 pm
Dry Cleaners: Monday – Saturday 8.0 am – 6.0 pm
 
Staffing: There are fifteen part time employees across the four branches.
 
Tenure: All four branches are secured with leasehold contracts of between three and ten years. Annual rent for the four premises is £43,000 in total; however this figure is reduced by sub-letting residential space to the tune of £16,500.
 
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373 Advert ID 31047    Sellers Ref : AP024 /BSOL

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