Dry Cleaners for sale in Reading

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Established Dry Cleaners - Reading

Reading, Berkshire, England

  • Leasehold Price: £49,950
  • Annual Turnover: £42,785
  • Annual Gross Profit: £33,381
Seller Reference: 7335
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Business Description
 
 
 
 
 
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Seller Reference: 7335
Request Details
Business Description
Town Centre Location
Accounts Available Year End 31st March 2019
Annual Turnover £42785
Gross Profit £33,381
Accounts Available After Viewing
Owner Operator / No Staff
Fully Equipped
Well Presented
Repeat Customer Base
Scope For Longer Opening
Potential To Offer Collection/Drop Off
EPC - C
REF 7335 – Leasehold Dry Cleaners

Blacks Brokers are pleased to bring to the market this leasehold dry cleaning business located in Reading, Berkshire.

INTRODUCTION

Quality Cleaners was established in this busy area of Twyford in 1990 with our client taking ownership in 2010. The business offers a range of cleaning services including carpets, curtains and duvets as well as some laundry services. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google. Quality Cleaners does not currently have a website or social media following.

LOCATION

Quality Cleaners occupies a town centre trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Waitrose and Costa. There are also a number of local amenities nearby including car parks, Post Office, churches and schools. The area is well linked by the M4 with very strong public transport links and parking is available in the surrounding area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s other business interests being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a fifteen year lease at a cost of £240 per week.

BUILDING LAYOUT AND DESIGN

Quality Cleaners operates from the ground floor of a spacious mid terraced property on a busy road. The business has large branding and signage on display above a fully glazed frontage. Inside, the servery/counter is positioned to the front of the shop with workshop to the rear of this. There is a toilet, kitchenette and storage area to the rear of the space. All areas are fully equipped and presented nicely.

STAFF

The business operates with our client only in employment working on a full time basis.

FINANCIAL DETAILS

Quality Cleaners has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end 31st March 2019 show that the business has an annual turnover of £42,785 with a gross profit of £33,381. Accounts can be made available after viewing.

BUSINESS RATES

The business has a rateable value of £3,500. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This reputable and well established business occupies an enviable trading position in a bustling area of Reading. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of a new website, social media presence, longer opening hours, possibly a collection and drop off service where appropriate. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Dry Cleaner Machine

Steam Cabinet

Ironing Table

Washing Machine

Dryer

Epos Till System
Trading hours:
MON - FRI: 08:0 - 17:30
SAT: 09:00 - 16:00
Tenure:
Leasehold
Location Details:
Reading
Leasehold Term:
£240 Per Week
Listed by:
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