Status: For Sale
Tenure: Leasehold
Leasehold Rent: £9,300 per annum
Turnover: £40,431
Dry Cleaners on Busy Shopping PrecinctDry Cleaners on Busy Shopping PrecinctDry Cleaners on Busy Shopping PrecinctDry Cleaners on Busy Shopping PrecinctDry Cleaners on Busy Shopping Precinct
£36,995 + SAV

Dry Cleaners on Busy Shopping Precinct

For Sale
  • Reference: 13695 H
  • Location: Llantwit Major, The Vale of Glamorgan
Hilton Smythe welcomes to the market Clothes Care Corner. This business first opened its doors in the 1980's and was taken over by our client in 2006. The dry cleaners is well-established in this location and receives a generous amount of trade from the locals that live in the area. Our client now looks to sell the store, due to the desire to take a well-deserved retirement.

The business runs as a dry cleaners providing their services for a range of products, this includes clothing and home wares such as bedspreads, duvets, pillows, ball gowns, ironing service, rugs and shirt laundry. A military discount is available, a popular service with the air base close by. There is little or no competition locally and the dry cleaners is known for the quality of services provided and for the excellent prices. A delivery service is available to the local area.

Clothes Care Corner generated an advised turnover of around £40,000 as of the 2016 accounts, with a gross profit of 86%. A healthy turnover, with scope to be increased. There are several options the purchaser could look into, this includes extending opening hours and boosting the laundry side to the business.

Canvassing local businesses such as hotels, sports clubs, restaurants and other corporates with a view to becoming their preferred laundry service provider; could be something the purchaser considers to allow for more repeat trade.

A space at the front of the shop is sublet to a shoe repair and key cutting business. This generates a rent of £5,340 per annum. A great way of generating an extra income. The first floor currently has a room used for storage, this space could be sublet to increase rental income. This would be ideal for a seamstress and alterations business.

This is a fantastic opportunity that is not to be missed. Our client would be willing to offer a handover period to ensure the continued success of the dry cleaners. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

TENURE

We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 15 years.
Remaining lease length: 7 years as of 2017.
Review period: 3 years.
Rent: £9,300 per annum.

HOURS

The business opening hours: -

Monday: 9am - 5:30pm
Tuesday: 9am - 5:30pm
Wednesday: 9am - 1pm
Thursday: 9am - 5:30pm
Friday: 9am - 5:30pm
Saturday: 9am - 1pm
Sunday: Closed

STAFF

The business is run and managed by our client.

FINANCIAL PROFILE

Clothes Care Corner generated an advised turnover of around £40,000 as of the 2016 accounts, with a gross profit of 86%.
Clothes Care Corner is located in Llantwit Major, The Vale of Glamorgan.

The business is perfectly situated on a busy shopping precinct that boasts heavy footfall and a large free car park nearby. The business is directly opposite a Co-Op supermarket and surrounded by complimentary retail businesses such as an estate agent, beauty salon, curtain shop, pharmacy and a Greggs bakery.

Llantwit Major is a coastal town and community in the Vale of Glamorgan, Wales on the Bristol Channel coast. The town is about 9 miles south west of Bridgend, 10 miles west of Barry and 15 miles south west of Cardiff. The town is busy and vibrant, popular with tourists. There is a Royal Air Force base at St.Athans nearby and the beach is a hot spot for surfers.

Llantwit Major railway station on the Vale of Glamorgan line reopened in June 2005. This has regular daily routes into Cardiff Central, Aberdare, Bridgend and Coryton. There are bus stops within walking distance of the dry cleaners, again with regular daily routes into surrounding towns.
Clothes Care Corner boasts a substantial size property. The shop is well-signed and is secured with a security shutter door.

Shop
The large window across the front of the store, creates a light and airy interior. The shop has a suspended ceiling with concealed lighting, tiled flooring, bespoke counter with a lift up flap, till and wrapping area. To the left-hand front of the shop is a key cutting and shoe repair business that is separate from the dry-cleaning business, this is sublet. To the rear of the shop is the dry-cleaning area.

Equipment includes: -
Sidi soft press machine
Hoffman hard press
Industrial spotting table
Former
Firbimatic 335 dry cleaning machine
Perimeter hanging rails
Dry Stream EPOS till
Domestic type steam generator
Ironing boards
Irons

There is a utility area with a door to the rear, where there are two parking spaces on a first come first served basis.

Further equipment includes: -
Candy 10kg washing machine
Hoover Infinity sensing dryer
Perimeter shelving
Hand wash basin in a vanity unit
Fulton 8E steam boiler/generator
2 x compressors (one for daily use and the other for back up)
Oil tank for red diesel

To the first floor is a generous room currently used for storage but has potential for other uses. This space has fluorescent lighting, a window to the front, perimeter shelving, hanging rails and an internal integrated cooling system.

There are 2 WC's each with a hand wash basin and an office.

Contact us today for more information

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