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AP016 -Independent regional chain of 7 dry cleaning and laundry outlets

Asking Price: GBP 450000
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Business Location: United Kingdom » Surrey » Surrey 
Category: Services » Dry cleaning/Laundry Services
Description:
Independent regional chain of 7 dry cleaning and laundry outlets

Ref.AP016
Location Surrey
Asking Price £ 450,000Recognised as one of the oldest of its kind in the area with some of its outlets dating back to the 1930’s, this business, purchased by the current Owners in 1997, is a chain of seven dry cleaning and laundry outlets and is arguably one of the largest independent operators left in the south of England. Operating from very well-suited leasehold premises in predominantly prime retail locations in major towns and villages across some of the most affluent areas of Surrey this is a high quality, well-equipped business. Although it has some commercial work from local hotels and schools it primarily serves the domestic sector. Taking advantage of the benefits a large number of outlets brings, each shop performs a specific role within the chain – two are dry cleaners, three are laundries with the two other outlets acting as ‘receiving depots’ feeding business into their respective partner outlets with the appropriate equipment. Dry cleaning makes up approximately 65% of turnover and laundry, the remaining 35%. The business deals with all types of garments and linen including duvets, curtains etc and has a particularly strong presence in shirts.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area: na
Year Established: 1997
Is Relocatable?:
Yes
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: Yes
Reasons for selling:
This is a genuine retirement sale.
Market competition and expansion:
Having been established for many years in each of its many locations this business invests little in marketing and advertising, benefiting from very high levels of residual awareness and footfall due to the prominent situations of the outlets. What marketing the group does is limited to the major directories – Yellow Pages and Thomson’s and features in the local free distribution glossy lifestyle magazines to promote their shirt business in particular.
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