Dry Cleaners – Peterborough, quick sale, retirement.
Advert ref: 3043TPBW
Sensible offer considered for this well established business. Trading since 2006 on Broadway, Peterborough for over 14 years, Ovada Dry Cleaners is for sale due to retirement and the owners will consider a sensible offer for a quick completion.
The business is a fast, friendly and fully functional professional dry cleaning and laundry business. It is well renowned throughout the Peterborough area. Situated on Broadway the business benefits from a heavy footfall in this busy location. It also benefits from having multiple bus routes/a bus stop outside the shop. The business has a good mix of commercial and domestic clients.
It is currently run by the owners, so there would not be any transfer of staff.
The rent is circa £250 per week.
Our Opinion :
This well run family business would suit someone looking for a change of career and a guaranteed income, with the potential to steadily grow the business. Our client has built an enviable reputation that enjoys plentiful local trade and also attracts high levels of repeat business and referrals.
The business has an online presence through its website, ownership to be transferred upon completion.
There is a demand to offer a laundry service and this is something that a new owner could introduce to increase turnover and profitability.
With limited competition and an enviable reputation we do anticipate a speedy completion for this well respected business.
- Established for over 14 years
- Loyal customer base, great reviews
- Prominent “high st” location surrounded by commercial offices and residential apartments
- Consistent yearly sales and profits
- Potential to increase business, especially on the commercial side
- Well maintained equipment included in the asking price and a list is available on request.
- Leasehold sale
- Retirement sale, a sensible handover will be provided
Property Details: Leasehold
Asking Price: £42,000 (Leasehold)
Asking Price: Offers Invited
Size in Sq Ft: 720
The lease currently finishes May 2022, a new lease can be agreed and confirmed for a new owner.
Financial figures will be forwarded on completion and submission of an NDA.
The business currently benefits from Small Business Rates Relief.
Each party to be responsible for their own legal and professional fees, but the purchaser should note that they will be responsible for the Landlords reasonable legal costs in connection with the preparation of the Licence to Assign/New Lease.