Status: For Sale
Tenure: Leasehold
Leasehold Rent: £11,000 per annum
Turnover: £60,500
Busy Dry Cleaning Business in Olney For SaleBusy Dry Cleaning Business in Olney For SaleBusy Dry Cleaning Business in Olney For Sale
£110,000 + SAV

Busy Dry Cleaning Business in Olney For Sale

For Sale
  • Reference: 13430 J
  • Location: Olney, Buckinghamshire
Hilton Smythe is delighted to welcome to the market this well-established and very popular dry cleaning, key cutting and shoe repair business, which is ideally located within Olney, Buckinghamshire.

The business was established by our clients in 2004 and is only now being offered to the market, due to our clients' desire for a well-deserved retirement. The business currently operates 6 days per week and generates a turnover in the region of £60,500 per annum, with a gross profit of approximately 86%, according to the 2016 accounts.

Our clients offer a variety of services including dry cleaning, key cutting, shoe repairs and clothing alterations. Jets are very experienced dry cleaners, offering people in Olney and the surrounding areas an award-winning service. The property boasts approximately 28 sq. metres of floor space, is very well maintained and fitted out to suit the trade.

The business has built up an excellent reputation within the area for the very high quality of the services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering Sunday trading. A new owner could also embark on a modest marketing campaign to highlight the excellent services offered. There is scope to offer other services, such as engraving and ironing.

Our client is happy to offer a handover period and full training will be provided.

This is an excellent opportunity for a new owner to take this already thriving business to the next level, therefore; early viewing must come highly recommended to avoid disappointment.

TENURE

We are advised Leasehold:

Original lease length: 10 years
Remaining lease length: 9 years
Rent: £12,000 per annum

HOURS

The business is open:

Monday - Friday: 8.30am - 5.00pm
Saturday: 8.30am - 4.00pm
Sunday: Closed

STAFF

The business is owner run and managed.

FINANCIAL PROFILE

The business generates a turnover in the region of £59,000 per annum, with a gross profit of approximately 86%, according to the 2014 accounts.
Jets Dry Cleaners occupies substantial ground floor premises, ideally located within the town of Olney, Buckinghamshire. The business is situated on the busy Market Place and is surrounded by a wealth of complimentary shops and businesses, therefore, benefiting from a very high volume of footfall and passing trade. The business further benefits from good car parking facilities within the area.

Olney is a market town and civil parish in the Borough of Milton Keynes. According to the 2011 census, the town had a residential population of approximately 6,500. Olney lies on the River Great Ouse, close to the borders of Bedfordshire and Northamptonshire. It is a popular tourist destination, perhaps best known for the Olney Pancake Race and for the Olney Hymns.

The vast majority of Olney shops are independents, attracting shoppers from further afield to find galleries, antique, rug and furniture sellers, as well as boutiques for interior design. The retailers are a close-knit community, looking after each other's properties.

The area of the business is well served by the public transport system, with bus stops within an easy walk of the property. The nearest railway station is Wolverton, which is approximately 7½ miles away. The area is also well served by the A-roads, with the business being located on the A509, which links to the national A-road and motorway networks. Milton Keynes is approximately 10 miles away and Bedford is 12½ miles away.
Substantial ground floor premises in an ideal trading location, briefly comprising:

Main service area with:

Laminate flooring.
Display areas.
Renzacci dry cleaning machine.
Key cutting booth with cutting machine and equipment.

Shoe repair area with shoe repair machine and buffer.

Rear dry cleaning area with:

Renzacci ironing table.
Renzacci poly bag/garment covering machine.
Cosmos E steam cabinet.
Inside and outside stitching machine.
Brother alteration sewing machine.
Further equipment including a shoe stretcher and leather stitching machine.

Kitchenette with sink unit and work surface with microwave oven.
WC.

Contact us today for more information

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