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Retail premises for sale

£40,000

25 Grange Road, Morpeth NE61

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Property description

Business
Hilton Smythe is delighted to welcome to the market this dry cleaning and alterations business in Morpeth, Northumberland. This old established business has been in our clients ownership for the past 13 years. Only now is the business offered to the market due to our clients wish to enjoy a well earned retirement.

The business is open four full days and two half days per week and generates a turnover in the region of £52,460 with a gross profit of 95%. Our clients offer dry cleaning, launderette services and ironing services, as well as sewing alterations. The business washes for a few rugby clubs.

The property benefits from two bedroom self-contained accommodation to the first floor, which is currently let at £425 per month; this could be owners accommodation if a new owner should wish it.

We believe the turnover could be increased by extending the opening hours and perhaps develop the ironing services. There is also scope to extend the collection and delivery service, as we believe there is demand within the area.

The business has an excellent reputation within the area with a loyal customer base and a lot of repeat trade. The business would benefit from more advertising and a website to promote the services offered.

This is an excellent opportunity for a new owner to take this thriving business to the next level; therefore early viewing must come highly recommended.

Location
Sew Impressed occupied substantial two-storey premises in Morpeth, Northumberland. The business is situated within a parade of other shops and businesses in a large residential area from which the business gets much of its trade.

The business benefits from ample on-street parking to the front of the premises. Morpeth is a busy town with good shopping facilities, restaurants and pubs. It is situated on the river Wansbeck, which flows through the east of the town.

Among historical landmarks in the town are a free-standing 17th-century clock tower, a grand town hall and a 13th century chapel called The Chantry. The area is well served by the public transport system with several bus stops within easy walking distance of the premises. Morpeth Railway Station is located just a half mile away.

The property is within close proximity to the A1, which links to the a-road system and the vast motorway network. Newcastle is approximately 16 miles away; South Shields is 22 miles away and Whitley Bay 15 miles away.

Premises
Mid-parade two storey property, briefly comprising:

Main sales area with serve over counter and electronic cash machine.
Alteration sewing station.
Ironing and steam room with 1 x ironing station, small sheet press and steam press.
Launderette room with 2 x 30lb dryers, 1 x 40lb dryer, 1 x 40lb washing machine, 1 x 30lb washing machine and 1 x 16lb washing machine.
Dry cleaning room with Firbamatic dry cleaning machine (10 kilo load) and 1 x 35lb washing machine.
WCs.

1st floor: Self-contained flat with 2 x bedrooms.

Tenure
We are advised Leasehold:

Rent: £10,500 per annum.
New lease to be negotiated.

Hours
The business is open:

Monday – Wednesday: 9.30am – 5.30pm
Thursday: 9.30am – 1.30pm
Friday: 9.30am – 5.30pm
Saturday: 9.30am – 12.30pm

Staff
The business is owner run and managed with 2 x part-time staff members.

Financial Profile
The business generates a turnover in the region of £52,460 with a gross profit of 95%.

What Zoopla users think of Morpeth

Overall rating:

  • currently 4.5 stars
Very good - 92% (52 ratings)

Ratings breakdown:

  • currently 4.5 stars
Community & safety
  • currently 4 stars
Entertainment & nightlife
  • currently 4.5 stars
Parks & recreation
  • currently 4.5 stars
Restaurants & shopping
  • currently 5 stars
Schools & public services
  • currently 4.5 stars
Transport & travel

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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Morpeth (0.2 miles)
  • Pegswood (2.0 miles)
  • Cramlington (5.9 miles)
  • Newcastle Airport (8.3 miles)
  • Durham Tees Valley Airport (46.1 miles)
  • Edinburgh Airport (85.5 miles)
  • North Shields Ferry Terminal (14.3 miles)
  • South Shields Ferry Terminal (14.7 miles)
  • Newcastle International Ferry Terminal (14.7 miles)

Nearby schools

View all schools in Northumberland
  • Morpeth Stobhillgate First School (0.3 miles)
  • Morpeth First School (0.5 miles)
  • St Robert's Roman Catholic Voluntary Aided First School (0.8 miles)
  • The King Edward VI Academy (1.2 miles)
  • Ponteland Community High School (8.4 miles)
  • Astley Community High School (8.8 miles)
  • Collingwood School & Media Arts College (0.4 miles)
  • Morpeth Newminster Middle School (1.1 miles)
  • Morpeth Chantry Middle School (1.1 miles)
Note: Distances are straight line measurements

Local info for Northumberland

About the neighbours in NE61

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (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 Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla 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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