WELL ESTABLISHED LAUNDRETTE & DRY CLEANING BUSINESS - CIRCA 1,000SQ.FT. / 93M² - EASY TO RUN - NO STAFF - BUSY AREA - DEDICATED PARKING - WOKINGHAM ROAD, READING, BERKS
Conveniently situated within close proximity to Reading University and highly visible to passing trade with dedicated parking for up to 6 cars. The laundrette serves customers located in and around the busy Wokingham Road and Earley area in Reading, Berkshire.
The Premises are held on a 16 year’ renewable lease with, we are informed, about 12 years remaining at a current rent of £13,200 per annum exclusive of rates. Rateable Value - £14,250 (circa £250per month payable).
Spacious Well Fitted Shop (approx. 800sq.ft) very smart with suspended ceiling, air conditioning, flatscreen T.V., CCTV & monitor). Well equipped (all owned):- Washing machines:- 4 x Primus 7 (7kg), 4 x Primus 10 (10kg), 3 x Electrolux Wascatorw 160 (16kg’s), 1 x JLA (25kg). Dryers:- 4 x Speed Queen, 4 x Fabricare - slimline, 1 x JLA D50. Dry Cleaner:- Firbimatic S.R.L. Ironing machine:- Vapor Ghidini.
Workshop / Storeroom area (approx. 200sq.ft) including equipment maintenance and repair tools / parts, compressor to run Dry Cleaning Machine & Ironing Machine, Worcester Combi Boiler (less than a year old), very large water tank, additional water heater - Lochinvar, water softener system (£50 per month maintenance) etc…
Cloakroom and Yard at the rear.
EPC Rating:- D-77
The shop has more than 40 years of established use, operated by current owners for 4 years. Exclusively run by 2 owners with no staff members. Very little overheads. Equipment is maintained and serviced inhouse by the owners themselves. We believe that a buyer with renewed vigour and enthusiasm would probably achieve higher levels of trading.
We are advised that current Takings (before Covid19 Lockdown) averaged circa. £2,000 per week. Now Takings are around £1,500 per week with high levels of profit. Dryers and Washing Machines are coin operated. Dry Cleaning is priced accordingly with delivery service available.
Price required for goodwill, lease, tenant’s fittings, fixtures, utensils & equipment:- £75,000 STOCK EXTRA AT VALUATION
Conveniently situated within close proximity to Reading University.
The Premises are held on a 16 year’ renewable lease with, we are informed, about 12 years remaining at a current rent of £13,200 per annum exclusive of rates.