Property Information
Address:
Derby, Derbyshire
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH489019
Property Ref/Agent: 2703-popular-dry-cleaners-and-alteration-repair-service
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe are delighted to welcome to the market Ashley's Alterations and Wardwick Dry Cleaners. The store has a beautiful shop which fits in well with the architecture of the surrounding area. The business was originally established in 1999 by our client and has been a success ever since.
The business specialises in alterations and repairs for clothing, zips and tailoring. They also offer a dry cleaning service for designer gowns, suits and also intricate items such as clothes with sequins.
Our client is now looking to sell the business due to the desire to take a well-deserved retirement. For the new owners there is mass potential to increase the already high turnover.
They can do this in several ways as follows.
The business has been run for many years and in the last 10 years the price list of the services on offer have not been increased. The new owner could look into increasing prices and open longer hours. With so many loyal customers at the store, there is room to introduce a loyalty scheme that will benefit both customer and owner.
The business offers such a fantastic service and could improve this by offering a delivery and collection service, this should increase the amount of customers, as this will benefit the busy lifestyles of the people that live in this fast paced area.
There are several places the business could advertise their services one way they could do this is to approach local business, they could offer the dry cleaning service to restaurants and also hotels. The business specialises in alterations and could see the mass of local business like Marks and Spencer's, also Dunn and Co which the business used to do lots of work for. The company may also consider wedding fairs to advertise their professional wedding dress cleaning service.TENUREWe are advised that the business is Leasehold
Original lease length 5 years
Remaining length of lease rolling lease
Rent 24,000 per annum.HOURSBusiness opening times-
Monday-Saturday: 9am-5:30pm
Sunday: ClosedSTAFFThe business is run and managed by our client with the help of 3 full time members of staffFINANCIAL PROFILEWe are advised the turnover for the business is around 150,000 per annum.
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