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DRY CLEANERS & RECEI
Both Businesses together £110,000 for the benefit of lease, goodwill, fixtures and fittings plus stock at valuation.
DRY CLEANERS Close Oxon
LOCATION: This unopposed dry cleaning business is situated in a parade position with group of complimentary trades on a busy High Road position. Offices, schools, private houses and other large retailers are located close by. This business has the advantage of attracting large clientele as a major multiple supermarket is located a few doors away creating a good flow of pedestrian and vehicular traffic flows. The area has easy access to the major routes as M40 and A40 are 10 minutes driving distance away.
BUSINESS: The business was established many years ago and in our client’s ownership for over a year and enjoys a high reputation for its quality services provided in the area. The business specializes in complete dry cleaning service. There is no reason why the current business proposition cannot be extended to incorporate shoe repairs and key cutting services. The business is operated by our client and 2 full time staff.
Impressive spacious double fronted premises with modern shop front measure approximately 490 sq ft. The entire premise has been well fitted and furnished to highest standards with a busy customer area, counter, electronic cash register. The rear of the main sales area contains a poly bagging machine, 2 hoffman pressers, spotting table, 1 tumble drier, 1 washing machine, etc. A complete list of fixtures and fittings will be provided at the appropriate time. A kitchenette and a WC are located at the rear. Finally, there is an externally service yard with access and ample car parking for customers.
TURNOVER: We are informed the turnover averages £1,750 per week achieving high margins of gross profits.
HOURS: 8.30 a.m. – 5.00 p.m. Monday to Saturday
CLOSED Sunday
ACCOMMODATION Lock up.
TENURE: We are informed that there is 8 years remaining on the lease with rent reviews every 5 year. Current rent payable £13,500 per annum. Uniform business rates payable £3,370 per annum
RECEIVING SHOP Close Reading
LOCATION: This popular and well established receiving shop enjoys a virtual monopoly position as is located in a densely populated residential area. The business is surrounded by restaurants, offices and schools. The area is highly populated and is served by bus routes. Also, free and unrestricted car parking is available in the area.
THE BUSINESS: The business has been under the present ownership for over a year and is offered for a reluctant sale due to personal reasons. The receiving shop accepts dry cleaning from the commuters and dry cleaning is carried out at the main shop and returned in time for the customers to pick up the finished work. In our opinion there is scope to introduce dry cleaning, shoe repair and key cutting services that would add to the profitability of the business. The business is run by 1 full-time and 1 part-time staff.
The premises are single fronted and measures approximately 280 sq ft. The customer area is very well lit and fully fitted to the trade with laminated flooring, reception counter, electronic cash register and various hanging rails.
TURNOVER: We are advised averages £1,000 per week at a good gross margin of profits.
HOURS: 9.00 a.m. to 3.00 p.m. Monday to Saturday
Closed Sunday
ACCOMMODATION: Lock Up
TENURE: We are informed that there is 9 years remaining on the lease with rent reviews every 5 year. Current rent payable £8,400 per annum. Uniform business rates payable £1,250 per annum
VIEWING: Strictly by appointment only
Category:
Dry Cleaners
Tenure: LEASEHOLD
Price: £110,000.00
Ref. No: M1458
Location: Close Oxon & Close Reading
Lot Size: 0 Acres
Total Sq. Footage: 0 sqft
Parking Spaces 0 Cars
No. of Floors: 0
No. of Rooms: 0
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