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Shop for sale

High Street, Tonbridge, Kent, TN9

Sold STC £24,995
28 sq. m.

Property Description

Commercial information

  • Business for sale
  • 301 sq ft (28 sq m)

Key features

  • LEASEHOLD
  • REF 12671 j

Full description

Tenure: Leasehold

LOCATION
Country Dry Cleaners occupies substantial premises, ideally located within the market town of Tonbridge in Kent. The business is located on the very busy High Street and is surrounded by a wealth of complimentary shops and businesses, therefore, benefiting from a very high volume of footfall and passing trade. The business further benefits from good car parking facilities within the area.

Tonbridge is a market town in Kent. According to the 2011 census, the town had a residential population of 38,657. There are several independent educational establishments in the town, including the prestigious Tonbridge School. Most of the town's shopping facilities are concentrated on the High Street, which runs for about a mile through the town centre.

The area of the business is well served by the public transport system, with several bus stops being within easy walking distance of the property. Tonbridge railway station is less than 5 minutes' walk away. The area is also well served by the A-roads, with the A26 and A21 being within easy driving distance of the property, which link to the national A-road and motorway networks. Maidstone is approximately 14 miles away and Royal Tonbridge Wells is 5 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and popular laundry business, which is ideally located within Tonbridge, Kent.

The business was established by our client in 2013 and is only now being offered to the market due to our client's desire to concentrate on other business ventures. The business currently operates 6 days per week and generates a turnover in the region of 71,500 per annum, with a gross profit of approximately 93%.

Our client offers a wide variety of services including ironing services, specialist cleaning and alterations. Our client does not do dry cleaning at the premises as there is no dry cleaning machine at the property, it is taken to his other business to be dry cleaned and then returned to the shop for distribution to clients.

The property boasts 70 sq. metres of floor space, is very well maintained, decorated to a high standard and fitted out to suit the trade.

The business has built up an excellent reputation within the area for the very high quality of the services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, to take advantage of the early evening trade. A new owner could also embark on a modest marketing campaign to highlight the business and services offered. The business would also benefit from the launch of a website to promote the business.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to acquire a well-established and busy business in a town centre location, therefore, early viewing must come highly recommended to avoid disappointment.

PREMISES
Substantial premises in an ideal trading location, briefly comprising:

Ground floor:

Large double window frontage, creating a light and airy interior.
Main service area with serve over counter incorporating a new electronic cash register (cost 1,000) and credit/debit card terminal.
Collection area with clothing hanging rails.
Perimeter wall shelving.
Air conditioning.
Press.
Spotting table.
Compressor.
Tumble dryer.

First floor:

Staff kitchen.
WC.
New Espo washing machine.
Boiler cupboard.
Second workroom, used for hanging and drying area.

Second floor:

Large room currently used as a storage area, although would make an ideal area for alterations.

TENURE
We are advised Leasehold:

Original lease length: 10 years
Remaining lease length: 7 years
Rent: 14,000 per annum

HOURS
The business is open:

Monday - Saturday: 8.30am - 5.30pm
Sunday: Closed

STAFF
The business is owner run and managed with 1 x full time staff member.

FINANCIAL PROFILE
The business generates a turnover in the region of 71,500 per annum, with a gross profit of approximately 93%.


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