Established Dry Cleaners in Didcot Oxfordshire, Operating Since 1978 with Growth Potential
Didcot, Oxfordshire
- Status
UNDER OFFER
- Date Submitted:
23/04/24
- Advert ID
610198
- Reference
13482_J / Rightbiz
- Call Agent:
- Leasehold: £59,995
- Turnover: £74,918 (£1,441 Per week)
- Net Profit: £9,426 (13% Profit margin)
Business Details
Very Well Presented Dry Cleaners
BusinessCoGoGo is delighted to welcome to the market this well-established and busy dry cleaning business, which is ideally located within the town of Didcot, Oxfordshire.
The business was originally established in 1978 and has been in our clients’ careful ownership since 1987. Only now is the business being offered to the market, due to our clients’ desire for a well-deserved retirement. The business currently operates 6 days per week and generates a turnover in the region of £98,000 per annum, according to the 2015 accounts, with a gross profit of approximately 92%.
Our clients offer a wide variety of services, including dry cleaning, laundry service, ironing service, household and domestic cleaning and service washes, to name a few. The property boasts 70 sq. metres of floor space, is very well maintained and fitted out to suit the trade.
The business has built up an excellent reputation within the area for the high quality of the services offered, which has resulted in a very loyal client base, with a good volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by embarking on a modest marketing campaign to highlight the excellent services offered. Our clients already have a very informative and easy to use website in place to promote the business at www.neaterdrycleaners-didcot.co.uk.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
Location
Neater Dry Cleaners occupies substantial ground floor premises, ideally located within the popular town of Didcot in Oxfordshire. The business is located on the busy Broadway and is surrounded by a wealth of complimentary shops and businesses, therefore, benefiting from a very high volume of footfall and passing trade. The business also benefits from good car parking facilities within the area. There are also densely populated residential areas close by, from which the business derives much trade.
Didcot is a railway town and civil parish in Oxfordshire. The town is noted for its railway heritage, having been a station on Brunel’s Great Western Main Line. According to the 2011 census, Didcot had a residential population of 25,140. The town is a popular place to live and work, due to the proximity of both Oxford and Reading.
The area is well served by the public transport system, with a bus stop just a short walk away from the premises. Didcot Parkway railway station is just a 10-minute walk away. The area is also well served by the A-roads, with both the A4493 and A4130 being within easy driving distance, which link to the national A-road and motorway networks. Oxford is approximately 16 miles away and reading is 19½ miles away.
Premises
Substantial ground floor, corner premises in an ideal trading location, briefly comprising:
Serve over counter with electronic cash register, credit/debit card terminal and hanging space for garments.
Main work area fitted out to suit the trade.
Rear room with dryer and compressor.
WC with wash hand basin.
Equipment included:
Comptel press.
Pony ironing table.
Comptel ironing table.
Comptel rotor cabinet.
Primous washing machine.
Firbimatic dry cleaning machine.
Bagging machine.
External with:
Good highly visible signage.
Rear yard.
Tenure
We are advised Leasehold:
Original lease length: 10 years
Remaining lease length: 3 years
Lease is renewable
Rent: £21,000 per annum
Hours
The business is open:
Monday – Saturday: 7.30am – 5.30pm
Sunday: Closed
Staff
The business is owner run and managed with 1 x full time staff member.
Financial Profile
The business generates a turnover in the region of £75,000 from the 2022 accounts.Â
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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