Busy Laundrette/Dry Cleaning Business and Key Cutting
Ref: 2690 G
Hilton Smythe are delighted to welcome to the market Advanced Laundry & Dry Cleaners. Established in 2010 and taken over by our client in 2014, who was looking to buy the business for his son, is now looking to sell the business due to other business interests. This business has done well in the past year, generating an advised turnover of £50,000 and gross profit of 85%. The business is a laundrette and dry cleaners, fully equipped with key cutting equipment; additional revenue is generated via the key cutting service. In order to increase revenue further we are advised that there is room to install a further 2 laundrette machines and dryers. Also to the back of the premises is allocated parking spaces, so the business has the opportunity to offer collections and a delivery service. Priced low for a quick sale we advised an early viewing for this profitable business. With so much potential and no competition in the area, this already thriving business has room to increase turnover further.
We are advised the turnover for the business is around £50,000 per annumWith a gross profit of 85%
The business is run and managed by our client with the help of 1 other member of staff.
Business opening times- Monday-Friday: 9am-5:30pmSaturday: 10am-3pmSunday: Closed
Advanced Laundry & Dry Cleaners is within the very busy town of Northampton, Northamptonshire. Set on Harlestone Road A428 this business thrives from the passing trade of Weedon Road a very busy A road from Bedford straight through Northampton to Birmingham. This area is great for the mass of footfall. Next to the business is supermarkets and public car parks. Set within a thriving retail parade the business is never short for customers. In the area is a vast range of retail outlets and businesses, however this laundrette is the only one in the area. The area benefits from the public transport services in the area, just a 2 minute walk from the business is a bus stop which links through to Northampton and also Dunston. Northampton is a very popular place, with the market square being one of the biggest and most historic, attracting a large amount of footfall. There is also many annual events such as a carnival, Beer festival, Dragon boat race and even an Umbrella fair. The town is well known and attracts regular customers.
The front of the double fronted premises is well signed and clearly visible to passing trade. Set on the corner of the terraces you can see the full size of this impressive building. On the property is a CCTV system with 4 cameras, there is no alarm but one could certainly be fitted. The windows and doors aren’t currently fitted with shutters, however have been bought and are on site. Directly facing the entrance is the large full length counter. On the back wall is the key cutting equipment and it clearly shows that the key cutting service is available. There is also a clothing rail for clothing that is ready to be collected. Equipment included in the sale located in the rear workroom-Commercial iron/ steam press Clothes racking Work counter 1 x till.Steps up to additional work room area with- Dry cleaning Machine BOWE P520 Stain station ROTAR steam cabinet There is also a small kitchenette area with sink unit.W/C with basinSmall room with tumble dryer. Store room, which is big enough to install more laundrette machines. To the back of the premises is a secure door leading through to allocated parking spaces.
We are advised that the business is LeaseholdOriginal lease length 15 yearsRemaining length of lease to be advisedReview period 5 yearsRent £12,000 per annum