Business for Sale in Norwich, Norfolk - DRY CLEANERS - NORWICH CITY CENTRE - Leasehold: £210,000

Key Information

Ref
Q32943E
Type
Service Businesses: Launderettes
Location
England: Norfolk
Tenure
Leasehold
Status
Sold
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Rarely does such a quality dry cleaning business come to market with brand new equipment, regular retail and trade clients and also located in a good residential area.

Immaculately presented, a hive of activity with a happy workforce, this represents all an enterprise should be. Highly profitable, well located – what more could you ask for?

Just a short distance from the city centre yet surrounded by houses and flats, this is a busy business. Enjoying a near monopoly on collections from agents, hotels and restaurants as well as professional offices, there is still much room to grow.

If you are looking for a dry cleaning concern, this will be hard to beat.

THE BUSINESS ITSELF

This remarkably strong concern shows a turnover in excess of £280,000 pa and enjoys the very high G.P. you would expect from this type of business. Run by the two owners with nine staff (four full time, four part time and one self employed) this is a very busy enterprise that is on the go all day every day.

With a fifty/fifty split between retail and commercial customers, there is much room to expand as this business has the virtual monopoly of Norwich based hotels and restaurants as well as many professional practices as the vendors have chosen to rely mainly on existing clients rather than attracting new business. There are several CTN's which are agents and the rounds-man collects daily from all surrounding areas.

Situated in a densely populated residential area, there is much loyal, local trade ensuring a constant flow of customers. The shop has a niche market in cleaning wedding dresses and again serves both trade and retail.

The net adjusted profit ensures the vendors enjoy a very comfortable lifestyle and they will spend as long as needed in handing over the business and ensuring the purchaser is comfortable with all aspects of their acquisition.

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