Laundrette And Dry Cleaners In Hoylake For Sale

Business description

Hoylake, Wirral

Long Established

Extensive Premises

Ill Health Sale

Town Centre Business

Substantial Equipment

Leasehold

Business History:
The vendor advises that the business has been established for many years. He purchased it in 1987 but regrettably ill health forces an early sale and this is reflected in the price being asked.

Business Profile:
Launderette and dry cleaners serving the area.

Accommodation:
Whilst having a fairly narrow frontage this property is quite extensive with both ground and first floor accommodation at the rear of the premises. The property comprises as follows:
Customer Area 1:
Fluorescent lighting, tiled floor with wall panelling. Machines include the following: one Ipso 25, one Ipso 35, two washing machines, one spinner, five Maytag top loading washing machines.

Customer Area 2:
This area includes an office with fluorescent lighting and six Loadstar tumble dryers.

Room:
Painted concrete floor, Electrolux 124 washing machine, wall mounted gas boiler, water pump and cold water storage tank.

Toilet:
With W.C. Rear exit leading to further building and work room.

Work Room:
Painted concrete floor and fluorescent lighting, Bowe P520 dry cleaning machine, two Hoffman steam presses, rotary steam cabinet, two ironing tables and a spotting table together with additional work tops and double exit doors to one side.

Plant Room:
Concrete floor, Fulton steam boiler with pumps and tanks.

First Floor:
There is first floor accommodation accessed by a rear staircase. The vendor advises that this has extensive storage but we did not access this at the time of our visit.

Outside:
There is a yard to the rear of the property with double gates with a gap of approximately 1.92m. This can be accessed from Charles Road.

Staffing:
One full time owner and three part time staff.

Fixtures And Fittings:
A schedule of fixtures and fittings will be made available for prospective buyers.

Property information

Property:

Freehold

Lease terms:

Financial Profile:
The vendor has accountant prepared accounting information and will be pleased to discuss all the financial aspects of the business with prospective buyers.

Tenure:
Twenty year sub lease from 1997. Rent £9,250pa plus insurance. Reviews every five years. Jolley & Co. have not examined any lease documentation and a buyer must arrange for their solicitor to verify that this information is correct.

Uniform Business Rates:
Rateable Value: £4,300 Rates Payable 2009/10: £2,068.30. Small Business Rate Relief may be claimable upon application.

Price:
£12,000 for the goodwill, fixtures and fittings plus SAV.

Living accommodation:

Accommodation Included.

Location:

Location:
The business benefits from being located at the centre of the town. Hoylake is a good residential area on the north side of the Wirral peninsula and benefits from a seaside promenade. The business is situated on the main road linking West Kirby with Moreton and Birkenhead.

Other information

Trading hours:

Opening Hours:
9:00am - 6:00pm Monday to Saturday. 9:00am - 5:00pm Sunday.