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Over 30 years successful trading as a dry cleaning group
3 retail outlets included(1 freehold/2 leasehold)
Experienced staff in all branches
Ebitda of £118,000 y/e April 2020
Reference - 48223
Description The Staypress Group are located in 3 retail units within Mid and East Lothian, South and East of Edinburgh. The current owners have successfully expanded their business over the last 30 years. The branches are well located in high street retail areas of, Haddington, Dalkeith and Musselburgh which is used as their main head office.
Staypress are experts in dry cleaning and laundry services including launderette facilities, laundry and ironing services, repairs and alterations. They also offer pick up and drop off service across the region and same day dry cleaning in certain branches.
The current owners have successfully managed and grown this business over the past 30 years and with such a great reputation, it truly does have the potential to open more branches throughout the region and beyond.
This has been a well managed business with experienced staff all trained to a very high standard in all departments. This all makes for an excellent acquisition with great future potential.
Sales Currently group sales average £270,000 per annum approximately.
Accounts Current records and accounts can be inspected when viewing.
Trading Hours Monday – Saturday 09:00 – 17:30
Staff Managed by the owners with 1 full time and 12 part time staff.
Building Internal Haddington Branch; this shop is set all on one level and as you enter you are met with an open sales floor with Laundrette machines and a sales counter. To the side is the staff area with kitchen and toilet facilities.
Dalkeith Branch; this shop is again all on one level and upon entry you have the main sales floor with laundrette machines and sales counter with staff kitchen and toilet facilities to the rear.
Head Office Musselburgh Branch; this shop is set over two floors. The ground floor is where the main sales floor is with laundrette machines and a sales counter. To the rear is are toilet facilites and more machinery. On the second there is an ironing suite as well as a kitchen, staff room, and an office.
Residential accommodation There is no residential accommodation for owners/management available.
Tenure We are advised that the property in Haddington is a freehold.
We are advised that the property in Dalkeith is held on a 15 year lease which commenced in 2016. The annual rent is £9,500 exclusive (correct as advised on 14/12/20). Rent reviews are at 5 yearly intervals.
We are advised that the property in Musselburgh is held on a 15 year lease which commenced in 2010. The annual rent is £15,000 exclusive (correct as advised on 14/12/20). Rent reviews are at yearly 5 yearly intervals.
Summary Bruce and Co are delighted to bring to market this successful group of launderettes.We are expecting a high level of interest and we do recommend early viewing to avoid disappointment.
Property Locations Staypress 39 High Street Musselburgh EH21 7AD
For more information about this property, please contact Bruce & Company, EH12 on +44 131 268 9615 * (local rate)
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