Shop for sale

Martley Road, Worcester, Worcestershire, WR2

Under Offer £69,950

Property Description

Commercial information

  • Business for sale
  • Use class orders: A1 Shops

Key features

  • Leasehold
  • Established businesses
  • Fully equipped
  • Great reputation
  • Dry cleaners & launderette
  • Unopposed

Full description

Tenure: Leasehold

Leasehold Dry Cleaners & Launderette Located In Worcester
Coin-Operated
2 Bedroom Flat Above (currently sub-let)
Ref 2385

Location
Veritas Business Sales are delighted to offer for sale this established Dry Cleaners & Launderette business which is located in St Johns, Worcester. Posh wash stands within a prominent and highly visible trading position next door to Tesco Express which is part of a small parade of shops to include a pet supplies shop, hairdressers and fish & chip shop. The parade benefits from a free customer car park and is just set back from the B4204 Marley Road. Worcester town centre is approximately 2 miles away and the M5 motorway 8 miles.

Business information
Asking Price: £69,950 plus SAV (£500)
Turnover: £75,045
GP: £70,609 (94%)
Business Rates: zero

Leasehold
Original term: 10 years
Remaining: 5 years
Rent: £18,000 pa
Service charge: £1,400 pa
Rates: zero

Business Description
Veritas Business sales are delighted to offer for sale this respected Dry Cleaners & Launderette concern which is located in St Johns, Worcester. The business was established back in 1963 and has been in the careful hands of our client for the past 9 years and is now being offered for sale so that they can enjoy a well deserved retirement. Since ownership they have continually invested in new equipment and machinery along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not have to be spent for some time. Posh Wash is owner operated with the help of 3 part time member of staff and has an annual turnover of £75,045 with a GP of £70,609 (94%). Services include dry cleaning, service washes, coin-operated launderette, wedding & prom dress cleaning and duvet cleaning. We believe that there is further potential to increase revenue by adding additional services such as alterations, key cutting and expanding the commercial work which is currently only 10% of the annual turnover. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade which is a great base to build upon and as such, early viewing is strongly recommended.

Opening Hours
Manned
Monday - Saturday - 8.00am - 6.00pm
Coin-operated
Monday - Saturday - 8.00am - 8.00pm
Sunday - 8.00am - 8.00pm


Ground Floor
Retail area comprising: 6 gas operated dryers (Electrolux), 3 electric washers (Electrolux Wasiator), 2 electric washers (Electrolux W75), 1 electric washer (Electrolux W3105N), 2 electric washers (Electrolux W31 30N), high capacity washer (Electrolux W84), speedy press, dry cleaning machine (Firbmatic), ultrasonic cleaner (spot removal), bagging machine, wall mounted washing powder dispenser, clothes hanging rails, hydro extractor/spinner (Electrolux), wall mounted change machine, various clothes baskets, air compressor (Hydrovane) and mobile press (Speedy plus 2).
Office & stores comprising: cash register, fridge, shelving, gas hot water generator (Dorchester), CCTV 8 camera system with monitor, floor safe, finished dry cleaning hanging rails, small electric press, 2 extraction systems and 2 ironing boards (Speedy press).
Press room with high capacity water pump, water tank, spotting table (Eton) and Pony Hoffman press.
W/C with sink drainer, base unit, water purifier (Elga) and tea & coffee making area.

First floor
Flat (sub-let for £650 PCM)
Hallway
Kitchen
Lounge
2 Double bedrooms
Bathroom with bath and shower over, w/c and wash basin

External
Shared rear yard area.
Storeroom for consumables storage which also has an ironing board.


Nearest stations

  • Worcester Foregate Street (1.2 mi)
  • Worcester Shrub Hill (1.7 mi)
  • Droitwich Spa (5.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Solihull

CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AG

0121 396 0980 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

  • Worcester Foregate Street (1.2 mi)
  • Worcester Shrub Hill (1.7 mi)
  • Droitwich Spa (5.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Solihull

CENTRAL BOULEVARD, BLYTHE VALLEY BUSINESS PARK, SHIRLEY, SOLIHULL. B90 8AG

0121 396 0980 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 2385. 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 VERITAS BUSINESS SALES LTD, Solihull. 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.