Hilton Smythe welcomes to the market Beaucare. The dry cleaners was first established in the 1980's and boasts an exceptional reputation in this location. Beaucare is the longest running dry cleaning business in Maidstone. Our client took over the business in 2004 and now looks to sell the dry cleaners, due to the desire to relocate to Tenerife.
The business runs as a long-established dry cleaners and laundrette. The store offers 60% counter sales, this includes dry cleaning and laundrette services, a full basket ironing service, alterations, repairs, collections and deliveries. 40% of the business is commercial work, again this includes loyal local hotel trade, men's suit company's, men's hire, care homes, three police stations, three hairdressers as well as ad hoc work for law firms and schools.
Other popular services include express two-hour dry cleaning, curtain cleaning, leather and suede cleaning, wedding dress services and duvet cleaning. We are advised that the business has over 30 repeat accounts with over 20 weekly ironing customers.
Beaucare generated an advised turnover of around £150,000 as of the 2016 accounts. This is a great turnover; however, we feel there is scope to further increase this figure. The new owner could look to expand commercial work to allow for more repeat trade. Extending opening hours and opening Sundays could maximise the amount of custom each week.
Our client moved the dry cleaners to this location 4 years ago to take full advantage of the very low rent, abundance of free parking with a car park to the side, three large school situated in the area and the £0 rates relief.
This is a fantastic opportunity that would be perfect for a husband and wife team or partnership, looking for a full-equipped, well-established business with an enviable client base. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
TENUREWe are advised the business is being sold as a Leasehold opportunity.
Original lease length: 6 years.
Remaining lease length: 4 years as of 2017.
Rent: £11,000 per annum.
HOURSThe business opening hours: -
Monday - Friday: 8:30am - 5:30pm
Saturday: 8:30am - 5pm
STAFFThe business is run and managed by our client, with the help of a family member, driver, one full time and two weekend members of staff.
FINANCIAL PROFILEBeaucare generated an advised turnover of around £150,000 as of the 2016 accounts.
Beaucare is located in Maidstone, Kent.
The dry cleaners is situated on a retail parade set on a residential housing estate; from which the store derives much of its trade. There are a variety of stores this includes a newsagent, takeaways and a hair salon.
Maidstone is a popular shopping location just 32 miles south east of London. The town is mostly residential with a population of circa 113,137 as of the 2011 census. The town was known for its heavy industrial activities which has now reduced to more light services. The River Medway runs through the centre of Maidstone this was used for much of the towns trade.
The dry cleaners is just a short drive away from the A249, an arterial road that runs into the centre of Maidstone and further connects to the M20 motorway network. The town is an easy commute to London using the excellent public transport. There are several train stations in the town and bus stops are located within walking distance of Beaucare.
Beaucare boasts a large property. There are two windows with a door in-between. One of the windows has been completely covered with promotional signage, displaying the services available.
On entry is the large branded service counter, this has a till and card machine. To the right-hand side on entry is an alterations area with sewing machines.
Reception area equipment includes: -
Rotating carousel customer collection rail - only 1 in the area
2 x Brother sewing machines
Wilcox and Gibbs overlock
Work area -
18kg Union dry cleaning machine
13kg Union dry cleaning machine
Vapour box blowing out cabinet
2 x Steam operated ironing table with air guns
Semi-automatic press with own boiler
To the rear of the property is a rear workroom, again this comes fully equipped, a perfect size for the trade.
Rear workroom equipment includes: -
2 x Whirlpool 12 kg tumble dryer
2 x Whirlpool domestic washing machines
Hydro vane compressor
All of these are leased on full service contracts-
Giabau 13 kg washing machine
16 kg Giabau washing machine with automatic dosing fitted
12 kg Giabau washing machine
Giabau 20kg tumble dryer
There is also a staff toilet and access to the rear carpark for deliveries. Clothes collection van will be included in sale.