Shop for sale

Grove Road, Norwich, Norfolk, NR1

750 sq. ft. | £210,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Leasehold

Rarely does such a quality dry cleaning business come to market with brand new equipment, regular retail and trade clients and also located in a good residential area.

Immaculately presented, a hive of activity with a happy workforce, this represents all an enterprise should be. Highly profitable, well located - what more could you ask for?

Just a short distance from the city centre yet surrounded by houses and flats, this is a busy business. Enjoying a near monopoly on collections from agents, hotels and restaurants as well as professional offices, there is still much room to grow.

If you are looking for a dry cleaning concern, this will be hard to beat.


THE BUSINESS ITSELF

This remarkably strong concern shows a turnover in excess of 280,000 pa and enjoys the very high G.P. you would expect from this type of business. Run by the two owners with nine staff (four full time, four part time and one self employed) this is a very busy enterprise that is on the go all day every day.

With a fifty/fifty split between retail and commercial customers, there is much room to expand as this business has the virtual monopoly of Norwich based hotels and restaurants as well as many professional practices as the vendors have chosen to rely mainly on existing clients rather than attracting new business. There are several CTN's which are agents and the rounds-man collects daily from all surrounding areas.

Situated in a densely populated residential area, there is much loyal, local trade ensuring a constant flow of customers. The shop has a niche market in cleaning wedding dresses and again serves both trade and retail.

The net adjusted profit ensures the vendors enjoy a very comfortable lifestyle and they will spend as long as needed in handing over the business and ensuring the purchaser is comfortable with all aspects of their acquisition.


ACCOMMODATION

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.
Situated just to the South of the city centre and located in a pleasant parade of shops, this independent dry cleaners is a gem. Completely refurbished following a serious fire in December 2015, it presents itself well. Rectangular in shape and measuring some c 750 sq ft, you enter the bright, open store to the reception counter with rails at the front. This then opens into a long area with a new boiler, Huebsch dryers, Amazon washer, Battistella spotting table, three ironing tables, Hoffman press, Bowe M8 dry cleaning machine and much besides. There is a water recycling tank to minimise water usage and eco electric systems. Nearly all of the equipment is brand new since July2016 at a cost of over 70,000.

Also included are two delivery vans, one with full signage, both Vauxhall Combi's on a 60 and 64 plate respectively. These are owned and not leased.

The first floor measures some 400sq ft and contains two w.c's ,a kitchen and a staff and storage area for bagged laundry and duvets.


INFORMATION

Our Reference
Q32943E.

Tenure
Leasehold.

Viewing
Strictly by appointment only, please call our Norwich Office on (01603) 28 08 73 to make an appointment.

Finance
Finance available to suitable purchasers

Business to Sell or Let?
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 Rightmove.co.uk, other 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.


Nearest stations

  • Norwich (0.8 mi)
  • Salhouse (5.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F East Anglia, Norwich

116 - 118 Prince of Wales Road Norwich NR1 1LB

01603 950250 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Norwich (0.8 mi)
  • Salhouse (5.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F East Anglia, Norwich

116 - 118 Prince of Wales Road Norwich NR1 1LB

01603 950250 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference Q32943E. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by EM&F East Anglia, Norwich. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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