Long Established Dry Cleaners in Central London

CS Dry Cleaners - London

Turnover circa: £42k

Adjusted Net Profit circa: £18k

BUSINESS SUMMARY

Business Name: CS Dry Cleaners
Location: 23 Meeting House Lane, London, SE15 2UN
Type of Business: Dry Cleaners & Professional Repairs

BUSINESS DESCRIPTION

CS Dry Cleaners is a renowned professional dry-cleaning establishment located within the heart of Peckham, London. Set within this high-density city location, the business has been delivering exceptional garment cleaning and repair services with a focus on quality, affordability, and comprehensive services for their loyal, local customer base.

SERVICE OFFERINGS

The business has forged a distinguished reputation for providing a comprehensive service to include dry cleaning, repairs and alterations, leather and suede cleaning, ironing service, laundry service and wedding dress cleaning. The establishment capitalizes on the unique proposition of its central location – with limited competitors locally and opportunities for expansion with many commercial opportunities in the area.

SALE CONSIDERATION

With the owners poised to venture into new opportunities, the business is on the market, presenting a turnkey operation for aspiring owners or existing chains looking to expand. The sale will encompass all aspects of the business, including the brand, high quality retail premises, loyal clientele, and their wide range of commercial cleaning and laundry equipment installed.

The business is operated full time by the current vendors and a handover period will be provided as needed by the incoming operator.

FINANCIAL SUMMARY

Revenue streams are diverse and robust, featuring regular walk ins and repeat customers with a strong local reputation. The business boasts annual gross revenues of over £42k, with an enviable net profit margin.

Detailed financial statements will be made available to interested parties.

PREMISES

The business is located on a busy parade of shops within a residential area on the outskirts of Peckham, with customer parking and scope to expand into neighbouring units if they become available. The premises will be made available by way of a new lease being agreed with an incoming operator. The current annual rent is £10,200 per annum.

The vendor has made significant improvements to the property and introduced dry cleaning and laundry equipment, cleaning workstations and furnishings which offer a warm and welcoming environment for customers and requires no further investment from an incoming operator who can capitalise on the extensive, high quality fit out to date.

Viewing is essential to appreciate the quality of the business on offer.

LEASE TERMS

The current annual rent is £10,200 per annum, with a new lease to be agreed with an incoming operator.

BUSINESS OPERATIONS

The business is family owned and operated and so a suitable handover period will be available for the incoming operator.

The business is open to the public and commercial customers and enjoys repeat business from both sectors, with scope to expand on this for an incoming operator.

GROWTH POTENTIAL

There is significant potential for growth through expanded marketing efforts, menu development, extended service hours, and leveraging the established brand to springboard into additional locations either as an inhouse chain or by franchising this successful model to aspiring franchisees.

The business has very limited need to do any marketing and enjoys reoccurring revenue from passing trade, local knowledge and has a Google page with a 4.5-star rating. Some of the opportunities available are:

·        Implement a website to include online bookings.

·        Introduce paid advertising on Google and social media.

·        Introduce social media presence to grow customer audience.

·        Actively seek out repeat commercial contract opportunities from local businesses and/or the services accommodation sector.

FINANCIAL INFORMATION

Detailed financial statements will be made available for interested parties.

FURTHER INFORMATION

Further information is available by speaking with the us and viewings are strictly by appointment only as the sale of this business is strictly confidential.

For more information please contact us.