Completed sale
How Drive in Dry Cleaners Cleaning Was Sold to private buyer | Case Study
Established in 2000 and under the ownership of our clients since 2004, Drive in Dry Cleaners offers a full range of dry-cleaning services including service washes, shirts, wedding dresses, curtains, suede and leather, and an alteration service.
The business has held an excellent reputation with a loyal repeat customer base from the local area and further afield. Located in Sutton at Hone, Kent, the business occupies a prominent trading location on a main road and is approximately 2 miles from the town of Dartford, allowing for extra custom.
Leanne Boulding, Knightsbridge Operations Manager, handled the sale and stressed the key selling points as well as the growth opportunities present to the interested parties. These included a huge potential to increase turnover with a delivery / collection service, key cutting and shoe repair service, as well as targeting local companies and hotels to cater for their laundry services. Another avenue to increase revenue was the self-contained 1-bedroom flat that was being rented at £145 per week.
The business was subsequently sold to a private buyer once the original offer was negotiated and amended. The buyer had previously worked in trade before and sold his fish and chip business in order to fund the purchase. The team at Knightsbridge Business Sales would like to wish both parties all the best.