Retail premises for sale in Wargrave Road, Twyford, Reading RG10

£39,950
Retail premises for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

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Property features

  • Town Centre Location
  • Accounts Available Year End 31st March 2020
  • Annual Turnover £39,019
  • Gross Profit £37,024
  • 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

Property description

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 2020 show that the business has an annual turnover of £39,019 with a gross profit of £37,024. 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. Business: £39,950.

Please quote ref: 7335

Fixtures & Fittings

Dry Cleaner Machine

Steam Cabinet

Ironing Table

Washing Machine

Dryer

Epos Till System

Opening Hours

Mon - Fri: 08:0 - 17:30
Sat: 09:00 - 16:00

Arrange Viewing

For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers 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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