Freehold Dry Cleaning Business with Self-Contained Flat – Reading
Size
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Tenure
Freehold
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Parking
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- Primary use
- High street retail
- Frontage
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No floor / site plan
Key features
- Substantial freehold commercial and residential property
- Long-established, profitable dry cleaning business
- Prominent main road trading location in Reading
- Self-contained one-bedroom first-floor flat
- Residential rental income of £10,800 per annum
- Annual business turnover of approximately £160,000
- Established private and commercial customer base
- Well-equipped workroom with extensive commercial equipment
- Rear yard and separate garage
- Retirement sale after nearly 30 years of current ownership
Description
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.
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.
Additional information
- Service charge
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- Business rates
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- Use class
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- Listed building
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- Business for sale
- Yes
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Environmental data
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Brochure
Freehold Dry Cleaning Business with Self-Contained Flat – Reading
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