Spacious Old Established Freehold Dry Cleaners For Sale

Business description

Outstanding opportunity to acquire a well established Dry Cleaners. The property has been in the same hands for the past 23 years and operated as a Dry Cleaners we understand since 1995. In our opinion the business offers tremendous potential for further development in the right hands.

SPACIOUS SINGLE FRONTED PREMISES with carpet tiled floor. Counter, electronic cash register, display rails.

Large rear work area with Bowe Comet dry cleaning machine, Pony finishing table, Capital rotary cabinet, 25lb plus 1 16lb washing machine, 2 tumble dryers.

Office area

Stairs to large basement comprising 4 rooms plus staff w.c. and wash hand basin

IN OUR OPINION THE BASEMENT AREA HAS TERRIFIC POTENTIAL TO DEVELOP INTO A 2 BEDROOM FLAT, SUBJECT TO OBTAINING THE NECESSARY PLANNING PERMISSION. IT SHOULD BE NOTED THERE IS A SEPARATE FRONT DOOR ENTRANCE PROVIDING ACCESS TO THE BASEMENT AND INDEED PROVIDING ACCESS FOR THE ACCOMMODATION OVER, WHICH HAS BEEN SOLD OFF SOME WHILE AGO AS LONG LEASEHOLD PROPERTY.

Property information

Property:

Freehold

Lease terms:

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease at a rental of £30,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £4,000 p.a. approx.

AS STATED THE PROPERTY HAS BEEN IN THE SAME HANDS FOR THE PAST 23 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated end of parade, excellent main road trading position, close to town centre, SURREY.

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £2,000 p.w. (counter trade only), in our opinion offering tremendous potential for further increase in the right hands.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT OR OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in the region of £475,000 plus STOCK AT VALUATION SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

Monday - Friday inclusive - 7.30 a.m. - 6.30 p.m.
Saturday opening - 8.30 a.m. - 5.30 p.m.
NO SUNDAY TRADING AND CLOSED ON ALL BANK HOLIDAYS
It will be appreciated upon inspection that the business is situated in an expanding area, the adjoining property we understand is being developed into flats plus a largre retail area, which in our opinion will increase the footfall.

Financing available:

SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT