Retail premises for sale in Musselburgh, East Lothian EH21

£589,950
Retail premises for sale
Interested in this property? Call +44 131 268 9615 * or Request Details

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Property features

  • Over 30 years successful trading as a dry cleaning group
  • 3 retail outlets included(1 freehold/2 leasehold)
  • Experienced staff in all branches
  • Ebitda of £118,000 y/e April 2020

Property description

Reference - 48223

Description
The Staypress Group are located in 3 retail units within Mid and East Lothian, South and East of Edinburgh. The current owners have successfully expanded their business over the last 30 years. The branches are well located in high street retail areas of, Haddington, Dalkeith and Musselburgh which is used as their main head office.

Staypress are experts in dry cleaning and laundry services including launderette facilities, laundry and ironing services, repairs and alterations. They also offer pick up and drop off service across the region and same day dry cleaning in certain branches.

The current owners have successfully managed and grown this business over the past 30 years and with such a great reputation, it truly does have the potential to open more branches throughout the region and beyond.

This has been a well managed business with experienced staff all trained to a very high standard in all departments. This all makes for an excellent acquisition with great future potential.

Sales
Currently group sales average £270,000 per annum approximately.

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
Monday – Saturday 09:00 – 17:30

Staff
Managed by the owners with 1 full time and 12 part time staff.

Building Internal
Haddington Branch; this shop is set all on one level and as you enter you are met with an open sales floor with Laundrette machines and a sales counter. To the side is the staff area with kitchen and toilet facilities.

Dalkeith Branch; this shop is again all on one level and upon entry you have the main sales floor with laundrette machines and sales counter with staff kitchen and toilet facilities to the rear.

Head Office Musselburgh Branch; this shop is set over two floors. The ground floor is where the main sales floor is with laundrette machines and a sales counter. To the rear is are toilet facilites and more machinery. On the second there is an ironing suite as well as a kitchen, staff room, and an office.

Residential accommodation
There is no residential accommodation for owners/management available.

Tenure
We are advised that the property in Haddington is a freehold.

We are advised that the property in Dalkeith is held on a 15 year lease which commenced in 2016. The annual rent is £9,500 exclusive (correct as advised on 14/12/20). Rent reviews are at 5 yearly intervals.

We are advised that the property in Musselburgh is held on a 15 year lease which commenced in 2010. The annual rent is £15,000 exclusive (correct as advised on 14/12/20). Rent reviews are at yearly 5 yearly intervals.

Summary
Bruce and Co are delighted to bring to market this successful group of launderettes.We are expecting a high level of interest and we do recommend early viewing to avoid disappointment.

Property Locations
Staypress
39 High Street
Musselburgh
EH21 7AD

Haddington Dry Cleaning & Laundry Services
70 Hardgate
Haddington
EH41 3JN

Dalkeith Dry Cleaning & Laundry Services
184 High Street
Dalkeith
EH22 1AZ

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For more information about this property, please contact
Bruce & Company, EH12 on +44 131 268 9615 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bruce & Company, and do not constitute property particulars. Please contact Bruce & Company for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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