Business for Sale in Walsall, West Midlands - DRY CLEANING BUSINESS IN WALSALL - Leasehold: £69,995

Key Information

Ref
Z34310K
Type
Service Businesses: Dry Cleaners
Location
England: West Midlands
Tenure
Leasehold
Status
For Sale
Annual Sales
£70,842 Ex Vat
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Long Established Dry Cleaning Business

Situated in a Busy Shopping Precinct

Very Well Presented Business with a Comprehensive Inventory of Equipment

Annual Turnover Over £70,000 with High Gross Profits

Leasehold Price £69,995

Description and Trade:

This established Dry Cleaning Business is well situated in a busy Shopping Precinct amongst multiple and independent traders.

Dry cleaning is carried out in the rear rooms and some Agency work is also undertaken. The equipment is of superior quality and well-maintained including the recently installed Firbimatic F15 Series dry cleaning machine.

Premises:

The attractively presented Sales Area (19’3” x 12’6”) has a suspended ceiling, with serving counter, clothing rails and cash register.

There is a rear Work Room; Compressor Room; Wash Room.

On the upper floor: spacious Storage Rooms; Office and toilet facilities.

There is a comprehensive inventory of equipment included in the sale: recently installed Firbimatic F15 Series dry cleaning machine (at a cost of around £26,000), steam operated presses, ironing point, bagging machine, washing machine, dryer, clothing rails and other items of inventory for the trade.

The shop is fitted with a CCTV security camera, and to the rear is a service area and car parking spaces.

Accommodation:

There is no living accommodation.

Comments:

A superior dry cleaning business with scope and potential to increase sales and profits by utilising the upper floor rooms to provide a full ironing service, alterations and washing service. The amount of Agency work is presently minimal, and could be expanded to maximise potential and capacity.

Our Client Informs Us That:

Takings:

Annual Sales for year ended March 2019 were £70,842, with High Gross Profits of £68,289 (96%).

Trading Hours:

9.00am – 5.00pm Monday to Saturday.

Closed Sunday.

Tenure:

The Premises are held on a lease until November 2020. A new lease will be negotiated by the new owners. Present rent payable is £11,650 plus VAT per annum, and in addition a £5,000 plus VAT per annum service charge will apply.

Price:

£69,995 for the lease, business, fixtures and fittings.

Copyright © EM & F Group Limited 2019 - Company No: 03035561 - VAT: 631 4000 02