Commercial Property for sale

Barrington Laundry Co, 40 Cedar Road Fenham, Newcastle upon Tyne, NE4 9XX

Fixed Price £450,000

Property Description

Commercial information

  • Business for sale

Key features

  • Premium dry cleaners and laundry service
  • Turnover Y/E 31.3.17 152,680 + VAT
  • Business established for 42 years
  • Genuine retirement sale
  • Ideal for owner operator or investor
  • Detached property. Energy Rating B

Full description

Tenure: Freehold

Description

Barrington Laundry Co was established in Gosforth and moved to Fenham to expand and become the prestige business that it is today. The business has many different aspects to it including dry cleaning, laundry, alterations and repairs.

Location

The property is situated on a secondary high street location within Fenham, Tyne & Wear, approximately two miles from Newcastle city centre. The business is accessible via car or public transport with bus routes frequently running along Cedar Road and several arterial roads leading to the property. There is on street car parking on Cedar Road and on the adjacent Grange Road.

Internal Details

The property has a small reception area to the front of the property and a full dry cleaning service to the rear of the ground floor. Located in the extension to the ground floor at the rear of the property is a laundry area complete with industrial washing machines and tumble driers. A portion of the ground floor and the first floor space were previously residential and were converted to commercial use so the business could expand. The first floor is home to the alterations and repairs business as well as fitting rooms and offices.

Fixtures & Fittings

A comprehensive fixtures and fittings list can be made available to seriously interested parties but the main items of equipment included in the sale of the business include: Unisec dry cleaning machine, two industrial washing machines, two domestic washing machines, two industrial tumble driers, spotting machine, five presses, till system, compressor, hanging rails and rolling iron.

The Opportunity

Our client established the business in 1976 and is selling to retire. Barrington Laundry Co is a well renowned business within the north east and the size of the business could be expanded further by a new operator. There are several existing contracts with businesses situated in the north east such as the Hilton Hotel in Gateshead, Newcastle University, BBC, Eversheds, Metro Centre, the National Trust, Brittania Hotel & Newcastle United as well as several local drop offs acting as agents.

The business is staff run for the most part, there is input from the owner in certain aspects of the business. The business would suit a fully staff run store or someone who would embrace a 'hands-on' approach.

Trading Information

Turnover to year end 31 March 2017 was £152,680 plus VAT, producing a gross profit of £134,635.

Full accounts can be made available to seriously interested parties.

Trading Hours

The business currently opens:
Monday, Tuesday, Thursday & Friday 9am - 5pm
Wednesday 9am - 4pm
Saturday 9am - 2pm


More information from this agent

Nearest stations

  • MetroCentre (1.6 mi)
  • Newcastle Central (2.1 mi)
  • Kingston Park (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 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.

Floorplans


To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 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

  • MetroCentre (1.6 mi)
  • Newcastle Central (2.1 mi)
  • Kingston Park (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Newcastle Upon Tyne

Shakespeare House 18 Shakespeare Street, Newcastle Upon Tyne, NE1 6AQ

0191 687 0826 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 6410953-fh. 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 Christie & Co , Newcastle Upon Tyne. 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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