We are delighted to offer for sale this long-established and profitable dry cleaning business, together with its substantial freehold premises and self-contained first-floor flat, situated in a prominent trading location within a well-populated suburb of Reading, Berkshire.
Established in 1972 and under the same ownership since 1996, the business has built an excellent reputation and a loyal customer base. It is now offered for sale due to the proprietors' retirement.
The business benefits from a balanced mix of private and commercial customers, with revenue split approximately 50/50 between the two. Annual turnover is approximately £160,000, with further financial information available to suitably qualified interested parties.
Currently operated by a husband-and-wife team, supported by two employees, the business offers an excellent opportunity for hands-on owner-operators or an experienced purchaser looking to acquire an established business with its own freehold premises.
The Property
The substantial semi-detached freehold property occupies a prominent main road location and includes a single-storey rear extension accommodating the main workroom.
The ground-floor commercial accommodation comprises:
Retail sales shop – approximately 162 sq. ft.
Stockroom – approximately 158 sq. ft.
Kitchenette and separate ladies' and gentlemen's WCs
Main workroom – approximately 661 sq. ft.
Boiler house – approximately 108 sq. ft.
Rear storeroom – approximately 179 sq. ft.
Rear yard and separate garage
The business is well equipped with commercial dry cleaning, washing, pressing and finishing equipment, providing a comprehensive facility for its established customer base.
Access to the rear yard and garage is via a driveway over which the property benefits from a right of access. The driveway itself is not included within the freehold title.
Self-Contained Residential Flat
The first floor comprises a self-contained one-bedroom flat with a lounge, kitchen, double bedroom and shower room.
The flat is currently let under an Assured Shorthold Tenancy, generating rental income of £10,800 per annum, excluding utilities.
This provides an additional income stream alongside the established dry cleaning business.
Business Information:
Established in 1972
Current ownership since 1996
Annual turnover approximately £160,000
Two employees in addition to the proprietors
Approximately equal split between private and commercial customers
Well-equipped commercial premises
Freehold included in the sale
First-floor flat producing £10,800 annual rental income
Sale due to retirement
Sale Details:
The guide price of £475,000 includes the freehold property, business goodwill, trade fixtures, fittings and equipment.
Stock is payable separately at valuation, currently estimated at approximately £3,000.
Further financial information and details of the business are available to genuinely interested parties following completion of a Non-Disclosure Agreement.
Viewing Arrangements
Strictly by prior appointment through Central Business Agency Ltd also t/a Business Partnership.
As this is an ongoing trading business, interested parties must not approach the business, its owners or employees directly.
