Dry Cleaners In Berkshire For Sale

Business description

Advent Business Sales have been instructed to offer for sale this extremely well - established dry cleaners, which has been trading successfully for over 11 years.

The current vendor has been in ownership for just over 1 year and has only now reluctantly decided to offer the business to the market as he wishes to concentrate on his other business.

The business has in July 2008 invested in new equipment which includes:
• Renzacci Progress 35 dry cleaning machine
• Rotary forming cabinet
• Post spotting table (water and steam)
• Ironing board with professional iron
• Hydrovane compressor.

It is expected that a new buyer would take over the repayments, which are £421 + VAT a month from July 2009.

The business offers a premium dry cleaning service with all items being hand ironed.

100% of the business is generated from walk in customers only due to its excellent location, with many clients returning on a regular basis.

We are advised that stock at cost is approximately £1000.
REF 9084RG

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 12 years
Remaining lease: 10 years
Review every: 3 years
Rent: £938 per month including service charge

We are advised that the annual business rates are currently: £1,900

Location:

Our client is ideally situated with a prime high visibility location on a purpose built small parade of an affluent town in Berkshire. Other complimentary business on the parade include a Co-Op, a fish & chips, doctors surgery, pharmacy, bookies, newsagents, hairdresser and a carpet shop. They all contribute in attracting high footfall levels to the area. Residential properties surround the parade and there is a bus stop immediately in front of the shop.

The parade has its own free of charge car park with additional facilities available on street. The shop is reached via the A329, which is a feeder road into Reading centre, which is approximately 4 miles away.

Premises details:

A modern ground floor retail unit decorated and equipped to a high standard and briefly consisting of the following:

Ground Floor
? Central entry door into the main sales area with serving counter and EPOS system
? Racked for storage of dry cleaning ready for collection
? Through to main workshop area with previously described equipment
? Rear office, w/c and small kitchen area
? Back access door

Other information

Expansion potential:

As our client has recently focussed on his other business, he has not had the available time to arrange for the main items which would improve both sales and profits, these are:

1. Organise a pick up and delivery service
2. Arrange for a quote from a local seamstress, so they can offer repairs and alterations
3. Increase the low prices charged
4. Making better use of the premises by offering carpet shampoo machine hire and key cutting
5. A new owner who worked full time in the shop would be able to substantially average on the existing wages cost.

Trading hours:

Mon-Fri: 8.00am – 6.00pm
Sat: 9am – 6.00pm

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