Commercial property for sale in Leamington Spa, Warwickshire CV31

£89,995
Commercial property for sale
Interested in this property? Call +44 121 721 8904 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Business for sale:

  • Long Established Business

  • 70/30 Commercial/Domestic Clients

  • Staff Led with Minimal Owner Input

  • New Boiler & Water Tank March 2021

  • Much Potential to Develop Further

  • Well Regarded

  • Low Overheads

  • 2 Sign Written Vans

  • Potential to be Relocated if Required

  • Contact Us for Full Details


Particulars

We are pleased to present an excellent opportunity to acquire this well established, staff led business with plenty of scope to further develop should a new owner so wish.

A solid trading history, great reputation and low overheads will no doubt make this very appealing to prospective purchasers and so we would recommend contacting us as soon as possible to register your interest.

The business itself

The current owner acquired the business through ourselves some 12 years ago and we are delighted to see how successfully they have run it since then. It is a testament to how well regarded, and in turn profitable, the business is that each owner has operated it for such a long period of time. It is now only coming onto the market due to the owners other work commitments and young family that they wish to focus more time on.

That said and of particular note is the fact that the current owner only comes to the business premises a couple of times a month to ensure that monthly accounts, invoices and wages are taken care of correctly as well as dealing with new enquires via email. Day to day the business is run by the very capable and competent staff team with all engineering and maintenance matters being outsourced, as is the payroll.

The client base is split approx. 30/70 between domestic and commercial clients with the latter being predominantly other local family businesses including wedding venues, guest houses and restaurants.

A stock of table linen is available to hire however a new owner may look to expand this into other areas such as bedding and similar. In addition little is done to advertise the business due to the repeat and recommended work that currently comes in, but again this gives good potential to further increase turnover with a targeted marketing campaign.

Premesis

all measurements are approximate and for guidance only.

The business is operated out of an industrial unit in a commercial area of the busy and well known town of Leamington Spa. Since taking over the owner has expanded into the adjoining unit due to the increased need for space and combined the units into one whilst retaining the full height roller doors which serve each side.

To one side is the washing and drying area with 3 Girbau washers (2 owned and 1 leased) and 3 dryers, all of which are owned. There are two Girbau commercial roller ironing machines (1 owned and 1 leased) used for all bedding and table linen. On the ground floor and to the other side is a further work area with bagging machine, access to the staff toilet and through a lockable door to a store room that has been created to hold the stock of linen that is available to hire. In this room you will also find the water softener and water pump, both of which are essential items for this type of business.

A very useful half depth but full double width mezzanine floor has been formed providing an office area, space for drying and for ironing as well as further storage. The recently installed Intergas boiler can also be found up here.

Externally the unit comes with the benefit of 4 parking spaces to enable the 2 sign written vans that come with the business to be parked up as well as leaving space for staff parking.

Further information

reference number

Z34358Q.

Opening hours

8:00am to 4:00pm Monday to Friday.

Tenure

Leasehold. The existing lease term has expired and this is now rolling over. The sale can be made subject to the grant of a new lease on terms to be agreed or the business can be relocated.

Rent payable

6,000 per annum.

Purchaser will be responsible for the landlords costs and fees in connection with the assignment of/or
grant of new lease.

Rates payable

Nil- Currently the business enjoys the benefit of Small Business Rate Relief.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

EPC

Where applicable the Energy Performance Certificate is available on request.

Price

89,995.

For the benefit of the goodwill, fixtures, fittings & equipment. Stock payable in addition on completion at valuation. This is a business for sale as a going concern.

Viewing

Strictly by appointment only, please call our Norwich Office on to make an appointment.

Finance

Finance may be available to suitable purchasers.

Business to sell?

Let us know as soon as possible! Just ask for a free no obligation valuation and one of our valuers will carry out a detailed marketing appraisal of your business at a time of your choice.

Premier marketing

We take care to present our businesses to a standard like no other. Offering quality property particulars as well as detailed information on all of the online portals and our own website, make your business stand out from the crowd - call us today!

Unhappy?

Do you feel you are receiving the level of service promised by your agents? If not, we would be happy to carry out a free no obligation marketing appraisal of your business.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

Arrange Viewing

For more information about this property, please contact
Everett Masson & Furby, CV21 on +44 121 721 8904 * (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 Everett Masson & Furby, and do not constitute property particulars. Please contact Everett Masson & Furby 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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