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Dry Cleaners / Launderettes For Sale

Location  United Kingdom
Asking Price Range  $250K - $500K
Gross Revenues  $489083
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2000
Number of Employees  10 - 19
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  All necessary training and a full handover are available to ensure continuity of trading.
Reason for Sale  The current owners have a number of other business interests and wish to free up capital to invest in more property.
Description  Chain of four dry cleaners/launderettes Location East London/Essex Asking Price 310,000 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. Contact for more information on this dry cleaners / launderettes for sale.
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