For Sale

High Quality Dry Cleaners

Leeds, West Yorkshire

£59,995 +SAV

Ref: 3022-C F

Contact sales negotiator

Kai Pollitt-Parry

01204556311

Email Kai Pollitt-Parry

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Description

Hilton Smythe welcomes to the market Excel Dry Cleaners a multi award winning company, with a huge amount of scope to increase turnover. This high quality dry cleaners was originally founded by our client around 8 years ago and is ideally located in virtually an unopposed trading position.

The business mainly specialises in dry cleaning, with around 5% service washing. The business reports a generous turnover of £70,000 per annum. Our client is a member of the Guild of Master Craftsmen & Guild of Cleaners and Launderers. Our client has an exceptional reputation for the quality of service, in particular, the cleaning of garments with high end designer labels, silk garments, wedding gowns, prom dresses and rugs and difficult stain removal, resulting in an established and loyal client base. There are huge housing developments going on in the area, which will generate a larger customer base.

The business also offers shoe repairs and a suede and leather cleaning service as well as garment repairs and alterations. Our client currently works alongside two agents who take in dry cleaning which our client collects and delivers. Further agents could be added to increase turnover, as would promoting a competitive shirt service.

We are advised that many new housing developments are nearing completion in the area, potentially providing many new clients.

Our client currently runs the business at a pace to suit due to his pending retirement. Therefore, we believe there is plenty of scope for development for a new owner to exploit by offering additional services such as ironing with a collect and delivery service.

In addition, our client owns a carpet and upholstery cleaning machine which could be marketed as an extra service. We believe the new owner would certainly benefit from introducing a website promoting the current services offered and additional services if undertaken.

Business rates reduced to £2,100 per annum.

Early viewing of this exceptional dry cleaners is highly recommended, with our client offering tuition and support to any new owner to assist with the smooth transition of ownership if required.

Tenure

Leasehold

We are advised leasehold
Original length of lease 9 years
Remaining lease1 year
Rent £15,000 per annum.

Hours

The business operates:-

Monday to Friday 8.30am – 5.30pm
Saturday 8.45am – 1.00pm

Staff

The business is owner run and managed with the assistance of 1 part time member of staff.

Financial Profile

The business reports a generous turnover of £70,000 per annum.

Location

The business is located in the historic affluent town of Horsforth on the outskirts of the City of Leeds, West Yorkshire.

Excel Dry Cleaners occupies a prime main road position on the arterial A65, adjacent to the A6120 outer ring road and within a densely populated residential area from which the business derives much trade.

The business is situated on a main bus route and benefits from a bus stop directly to the front. A new railway station is about to open within 1/2 mile of the premises offering parking and a 5 minute commute into the city centre. There is ample on street parking and a large rear parking area for customers.

Premises

End of parade premise briefly comprising:-

Exceptionally well presented both internally and externally. Vibrant signage highly visible to passing trade. Very secure with a full frontage internal electric shutter security side glass and rear gated door.

Customer’s reception area purpose fitted to suit trade, counter with dry stream computer system. A top of the range Fibromatic 15kg dry cleaning machine with full service history and 5 section hanging rails.

Through to rear workshop housing custom spotting area and generous additional hanging rails and storage racks.

First Floor
Office
Drying room for duvets
Kitchen
Toilet
Compressor room with 3 water tanks

There is ample on street parking and a large rear parking area for customers including designated owners parking.

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