Launderettes for sale in Reading

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Dry Cleaners With Lots of Potential

Reading, Berkshire, England

  • Leasehold Price: £34,995  Price Reduced arrow_drop_down
  • Turnover: £60,000
Seller Reference: B04430
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Business Description
 
 
 
 
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Seller Reference: B04430
Request Details
Business Description
Business
Please quote reference B04430

Hilton Smythe welcomes to the market a successful Dry Cleaners.

This business first opened its doors over 30 years ago. The dry cleaners are well-established in this location and receives a generous amount of trade from the locals that live in the area.

Our client now looks to sell the store, due owning serval businesses and its getting too much on his own.

The business runs as a dry cleaner providing their services for a range of products, this includes:

• Clothing and homewares such as bedspreads,
• Duvets
• Pillows
• Ball gowns
• Ironing service
• Rugs
• Shirt laundry


There is little or no competition locally and the dry cleaners is known for the quality of services provided and for the excellent prices.

The Dry Cleaners generated an advised turnover of around £60,000 as of the 2017 accounts. A healthy turnover, with scope to be increased.

There are several options the purchaser could investigate, this includes extending opening hours and boosting the laundry side to the business.

Canvassing local businesses such as hotels, sports clubs, restaurants and other corporates with a view to becoming their preferred laundry service provider; could be something the purchaser considers allowing for more repeat trade.

This is a fantastic opportunity that is not to be missed.

Hilton Smythe highly advise early viewing to take in the full potential of the trade. All enquiries and viewings to be made through Hilton Smythe

Location
Twyford is a large village and civil parish in the English Royal county of Berkshire with a population of about 7,000 people.

The business is just off the main roads from where there is a generous amount of passing trade.

This area highly benefits from public transport. On the main road is a fantastic amount of bus stops with many regular routes around the town.

Premises
The dry cleaners boasts a substantial size property with clear and visible signage.

Shop:

The large window across the front and sides of the store, creates a light and airy interior. The shop has a suspended ceiling with concealed lighting, tiled flooring, bespoke counter.

Equipment includes:

• Cabinets
• EPOS till
• Ironing boards
• Irons
• Press
• Dry cleaning machine


Tenure
We are advised the business is being sold as a Leasehold.
Original lease length: 15 years.
Remaining lease length: 15 years as of 2018.
Rent: £13,000 per annum.


Hilton Smythe are advised the business rates are £4000.

Hours
Monday to Friday 8:30am–5:30pm
Saturday 9am–4pm
Sunday Closed


Staff
The business is run by our client with the help of two part time members of staff

Financial Profile
The Dry Cleaners generated an advised turnover of circa £60,000 as of the 2017 accounts.

Please quote reference B04430

Tenure:
Leasehold
Listed by:
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