858 Buyers Online Now
Buy Business Sell Business Business Brokers My Account
Photos Website Map
Asking Price$496,946
Revenue$480,916 EstablishedUndisclosed
Cash Flow$141,068 EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Chain of Four Dry Cleaners/Launderettes

Location East London/Essex
Asking Price £ 310,000
Turnover circa £300,000 per annum
Net Profit circa £88,000
Equipment valued at circa £16,000
Renewable leased premises
Established high profile business
Good domestic customer base
Shirt washing & ironing
Repairs and alterations
Well equipped premises
Situated in prime location
Great opportunities and expansion capabilities
High volumes of passing traffic
Complete turnkey operation
Training and handover
Significant goodwill
Business profile:
This is an opportunity to purchase four dry cleaning and launderette businesses. Located east of London and on the Essex borders, the four branches are all within easy reach of each other. The current owners have managed the business for circa five years, but the businesses have been located at the existing premises for much longer.

One of the four properties currently functions only as a dry cleaner and provides the dry cleaning to the other three launderettes. Unlike many launderettes this business has staff present at all times.

The majority of part time assistants have worked in the business long term. They are from the local area and are well known to and friendly with the large number of regular customers that use the business. The staff are all proficient at delivering the range of services offered by the business. These include ironing, serviced washes, alterations and pressing.

The four branches are located in prominent locations, surrounded by dense residential areas occupied by people with busy lifestyles. This is a high quality, well-equipped dry cleaning, laundry and pressing business primarily serving domestic customers. The business is split with something like 55% of turnover coming from the dry cleaning side.

With turnover in excess of £300,000 per annum from a staff run business this represents an excellent opportunity for an owner operator to significantly to improve profits from this ideally situated business.
Facilities:All four branches are secured with leasehold contracts of between three and ten years. Annual rent for the four premises is £43,000 in total; however this figure is reduced by sub-letting residential space to the tune of £16,500.
Competition:The business distributes leaflets in the local area. Offers are promoted in the individual shop windows of the four branches
Growth Potential:With people experiencing an ever faster pace of life the need for the services offered here is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs. The business does very little marketing and an increase in this area would help to achieve sales growth especially from local businesses
Training/Support:All necessary training and a full handover are available to ensure continuity of trading.
Sale Reason:The current owners have a number of other business interests
Ad #52919
Seller Reference #AP024
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service before responding to any ad on our website.
Contact This Seller
Turner Butler
0044 1895256000
Email Address