Retail premises for sale in Chapel Street, Rugby CV21

Retail premises for sale
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Property description

Hilton Smythe welcomes to the market Rugby Dry Cleaners Ltd

Rugby Dry Cleaners was founded by the current owner in 2011 and has been a real labour of love and the business has become a popular and well respected one to the people of Rugby.

The business is now being sold albeit reluctantly and with a heavy heart so the owner can enjoy a well earned retirement. The vendor is keen to see his much loved business pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.

The business offers a comprehensive range of services including;
Dry cleaning and ironing services
Clothing alterations
Suede and leather cleaning
Formal wear and suit cleaning
Curtain and cushion cover cleaning
Duvet and pillow cleaning
Specialist cleaning of wedding and ball gowns

The business has a high number of regular customers many of whom are known on a first name basis by the owner and it enjoys good visibility on the internet.

Scope for improvement:
Advertising and marketing campaign
Extend the opening hours
Website to extol the services offered
Maximise the use of social media particularly Facebook and Twitter
Explore online laundry apps such as laundrapp
Expand the corporate side of the business by canvassing local hotels, pubs, restaurants and sports teams etc.

Hilton Smythe highly advise early viewing to avoid disappointment.

Rugby Dry Cleaners Ltd is located in Rugby Warwickshire.

Rugby is a market town in Warwickshire, the town has a population of roughly 71,000 making it the second largest in the county. Rugby is 13 miles east of Coventry on the eastern edge of Warwickshire near the borders with Northamptonshire and Leicestershire.

The town centre is noted for its large number of pubs, the main shopping area is in the streets around the Clock Tower, two of which, High Street and Sheep Street are pedestrianised. The town Centre has an indoor shopping centre called The Clock Towers which opened in 1980. A Street Market is held in the town centre several times a week.

Rugby Dry Cleaners is ideally situated in the main shopping area alongside other complimentary retail businesses and as such benefits from high levels of footfall and passing trade. The business is fastidiously presented and maintained with clear visible signage and striking livery. There are a number of public car parks within an easy walk of the premises.

Rugby Dry Cleaners occupies the ground floor of a brick built, terraced shopping unit and is fastidiously presented and maintained and briefly comprises;

Double fronted with windows and glazed door to front creating a light airy and inviting interior, suspended ceiling with concealed lighting, slate effect tiling to floor. Generous customer area leading to a bespoke, beech effect counter with till, card machine and generous wrapping area, small oak table with lamp, freestanding hanging rails, curtained changing cubicle to right hand side. Behind the shop counter double doors lead to;

Rear Work Room
Suspended ceiling with concealed and a tiled floor, generously proportioned with perimeter hanging rails for cleaned garments. Rotondi ironing station, Dry cleaning machine, Electrolux industrial dryer. Run of wall mounted breakfast bar, perimeter shelving, leather effect tub chairs.

With stainless steel sink and drainer and useful range of base units.

We are advised that Rugby Dry Cleaners ltd is being sold as a leasehold business opportunity. The current ten year lease has seven and a half years remaining and the rent is £14,000 per annum which is reasonable given its great trading location in the main shopping area. We are further advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.

There are no business rates currently payable

Monday to Friday 8.30-5.00pm
Saturday 8.30-4.00pm
Sunday Closed

The business is run and managed by our client with the help of two part time members of staff.

Financial Profile
Rugby Dry Cleaners Ltd generated an advised turnover of approximately £62,000 as of the 2016 accounts with a gross profit of circa 71%. The business continues to grow at an impressive pace.

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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