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Business for sale in United Kingdom - 8763b birmingham lh 115000 photo processing/dry cleaning or empty a3 premises

Asking Price: 115,000 £ Real Estate: Lease
Business for sale – 8763b birmingham l\h£115000 photo processing/dry cleaning or empty a3 premises
Sales Revenue: 70,000 £
Net Profit: 1 £
Year Established: 1980
Employees: 1PT
# of family members employed: 2FT
Location criteria:
United Kingdom/City and Borough of Birmingham/Birmingham

Business types:

Services

Business categories:

Photography Studios

Business description

THE BUSINESS Advent Business Sales is pleased to offer to the market this extremely well established photo processing and dry cleaning business, which was established by its owner in 1980. It has reluctantly been placed in our hands due to other pressing business interests. Originally started as a dry cleaners, who also do clothing repairs and alterations, the business expanded into photographic processing and picture frames, thus smoothing over the annual decline in dry cleaning in summertime with the high demand for photographic work in the same period and a reverse situation in winter time. On the photographic side of the business, the offer includes transference of video to DVD, specialised picture framing with/without surrounds, ordered for samples as well as passport photos, photocopying both in black and white as well as colour, photo albums and a fax facility. The owner and his wife together with 1 part time employee staff the business. An offer has been made by the owner to whoever takes over, in that he would cover shop staffing over a holiday period for a new owner if required. A well thought out and run business which cannot fail to continue to succeed if bought by a person willing to give 100% commitment to its running. The vendor has also informed us that planning permission has been granted for a 46 cover restaurant. The premise would also include the upstairs which currently is not offered for sale with the current business. There is also room for 25 covers outside. Its prominent location makes it in an ideal location for a restaurant. REF: 8763B TRADING HOURS Mon Fri: 9am 5.30pm Sat: 10am 5pm EXPANSION POTENTIAL The present owner informs us that there is a local demand for a pick up service close to the business and a demand for leather and suede cleaning. Demand is also high for a laundry service and there is ample space to put in a commercial wash machine and dryer to facilitate this. This, we are led to believe would increase turnover by at least 30,000 per annum FINANCIAL INFORMATION We have been advised by the vendor of the following: Annual sales: 70,000 Gross Profit: 70% Accounts will be made available to interested parties after a viewing has taken place. Please let us know if you require finance for the purchase of a business. BUSINESS PREMISES The shop is a corner site with windows on both sides the door is oblique to the corner, Fully alarmed with shutters and CCTV. The inside of the shop is in the shape of an L, with the counter repeating this format. To one side of the counter is an instant kiosk digital printer and also a computer scanner/digitiser also a colour/black and white photocopier. Behind the counter and to the right hand are rails for cleaned clothes, there is also a print processor, APS roller/unroller machine and a Mito 22, 22lb load dry cleaner. To the rear of this is a small office, a cleaning spotting table and gun and additional hanging space. To the rear of this area is a double bed Hoffman press and a steam hand finisher. A further room behind this house the boilers and shop w/c. For expansion, there is yet another room behind this, which has been converted from a garage.

Additional information

Additional information: download
Support & training: Not Disclosed
Reasons for selling: other pressing business interests.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: Leasehold Original lease: 10 years Remaining lease: 10 years Review every: 3 years Rent: £275 per week We are advised that the annual business rates are currently: £550 EMPTY LEASE TERMS TENURE: Leasehold Original lease: Can be negotiated Review every: Can be negotiated Rent: £450 per week includes upstairs We are advised that the annual business rates are currently: £550
Location: Our client is located on an extremely busy community shopping and eating road south of the multi ethnic city of Birmingham, away from its local position the area is extremely residential. Additional advantage is given to this business, as it is on a traffic light controlled crossing, thus raising its prominence to both commuter and visiting motorist. As it is within a main shopping area, it goes without saying that footfall is extremely high. Of its retail category it is completely monopolistic in its mix of offer and for this reason does not suffer seasonal ‘highs and lows’.

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