Well Established Dry Cleaners And Launderers For Sale

Business description

Free car parking in front of parade.

Large public car park at rear. At present 40p per hour during the day which, we understand, is shortly to be reduced to 20p per hour.

SPACIOUS PREMISES, customers' area with laminated strip floor, counter, computerised system.

Work area, fully equipped including steam spotting table, stainless steel preparation table, Firbimatic 915S dry cleaning machine, domestic washing machine, 2 50lb washing machines, 1 70lb gas tumble drier, 1 30lb gas tumble drier, Sidi press by Duval, large sheet/tablecloth gas ironing/drier, Vert 8170 trouser finisher, coat and jacket former, finishing table, bagging machine, etc.

Office/store.
Staff cloakroom with w.c. and wash hand basin.

Property information

Property:

Freehold

Lease terms:

The vendor owns the freehold and, subject to satisfactory references, is prepared to grant a new 20 years' full repairing and insuring lease in respect of the shop with accommodation over, at a rental of £20,000 p.a. excl. of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

If the maisonette over is not required, the vendor, subject to satisfactory references, is prepared to grant a new 20 years' full repairing and insuring lease in respect of the shop premises only, at a rental of £15,000 p.a. excl. of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

Please note that the vendor is prepared to consider granting a shorter lease if desired.

Uniform business rates £3,200 p.a. approx.

This old established business has been in the same hands for the past 25 YEARS and is now solely offered for sale due to the vendor's retirement.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED.
MUST BE SEEN TO BE FULLY APPRECIATED.

Living accommodation:

The accommodation, in the form of a self contained MAISONETTE OVER is at present let on a short hold tenancy and provides a rental income of £430 per month. We understand that vacant possession can be given on completion, if required. The accommodation comprises: 2 bedrooms (1 double, 1 large single). Bathroom with bath, shower over bath, w.c. and wash hand basin. Large lounge/dining room. Kitchen.

Location:

Situated in a parade, excellent trading position, WILTSHIRE.

Business Operation

Expansion potential:

WE ARE INFORMED the turnover is currently in the region of £3,000 p.w. (including contract work, we are advised in the region of £500 p.w.) We are further advised that the Trading & Profit & Loss accounts year ending 31st October 2010 showed £114,183 with a gross profit of £102,006.

Reasons for selling:

PRICE TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS, £125,000 plus STOCK AT VALUATION. SUBSTANTIAL LOAN TO AN APPROVED APPLICANT. OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS, £320,000 plus STOCK AT VALUATION. SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Trading hours:

Monday & Tuesday, 8.30 a.m. - 5.30 p.m.
Wednesday, 8.30 a.m. - 1 p.m.
Thursday & Friday, 8.30 a.m. - 5.30 p.m.
Saturday, 9 a.m. - 4 p.m.
No Sunday trading.

Employees:

The business is at present operated by the vendor, with the assistance of 3 part time staff.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance

Leasehold asking price:

£125,000