£510,000

Retail premises for sale

  1. Property photo 1 of 1.
Business

Offers in region of

£510,000

(£510,000.00/sq. ft)

Retail premises for sale

School Road, Reading RG31

1 sq. ft

Local area information

Property location

Nearby amenities

  • Park Lane Primary School 0.1 miles
  • Birch Copse Primary School 0.5 miles
  • Tilehurst 1.1 miles
  • Theale 2.2 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

This is an opportunity to acquire a long established and profitable dry cleaning business, situated within a freehold premises, which occupies a good trading location on a busy main road, within a well populated suburb of a major Berkshire town.

The business has been trading since 1972 and has been owned by our clients since 1996 being now offered for sale after 27 years of ownership.

This is a very well established business that enjoys a balanced revenue stream, with a 50/50 split between general public and commercial clients, ensuring stability and growth potential.

Our clients operate an excellent and informative website which summarises the services offered by our clients.

In view of the profits generated the business would suit hands-on working owners or indeed could be placed under management and still generate an excellent return to the owner. At the moment the business is run by a husband and wife partnership with one of the proprietors working full-time and the other working one and a half days per week. The proprietors are supported by two employees.

The business premises comprise a substantial semi-detached property which has a single-storey rear extension to accommodate the work room. The commercial aspects are all located at ground floor level and briefly comprises front retail sales shop 162 ft.², stockroom 158 ft.² and kitchenette. A passageway with ladies and gentleman's toilets off leads on to the rear workroom 661 ft.² where the dry-cleaning work is undertaken. The workroom has double doors which give access to a driveway. To the rear of the property is a yard with boiler house 108 ft.² and rear store 179 ft.². The driveway does not form part of the demise but there is a right of access to the rear yard. Our clients park up to three cars on the driveway.

On the first floor is a self-contained flat which is let on an Assured Shorthold Tenancy agreement, generating rental income of £7,800 per annum, exclusive of utilities.

In conclusion, this is an excellent opportunity to acquire a long established, highly reputable dry-cleaning business, generating excellent operating profits, which is offered for sale after 27 years of ownership and is trading from well-presented freehold premises.

We strongly recommend that any seriously interested party make contact with us as soon as possible, by hitting the 'Enquire about this business' button and completing the necessary non-disclosure agreement.

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Property descriptions and related information displayed on this page are marketing materials provided by - Central Business Agency Ltd. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Central Business Agency Ltd for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. Berkshire
  4. Reading
  5. Tilehurst
  6. School Road

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