Retail Property (High Street)

A fantastically fitted dry cleaning, laundry and ironing business which has been established since 1998 and has been run under the current ownership for nearly 5 years. Trading from a shop just off Southend High Street, this gives the business great footfall and passing trade. Equipped with quality fixtures and fittings. The business is reluctantly being sold by the vendor due to her other business interests. Cost of Stock to be paid on Completion. OUR REF: RX257397

Location

The business is situated within a shopping parade on a busy road just off the main town centre. The premises is close to the Southend University campus and surrounded by a multitude of different businesses including a large supermarket and medical centre. The location provides the business with considerable vehicular and pedestrianised passing trade.

Tenure

2.5 years unexpired at a current rental of £12,000 per annum exclusive.

Shop

Providing fascia, roller shutter, glazed frontage and double-glazed entrance door. Internally, ground floor measures approximately 840 sq. ft. (78 sq. m.). MAIN SALES AREA providing sales counter, sewing machine, scales, garment racking, printer, chair, card machine and till. Behind the counter there is an area which houses a roller press, Union Hydro-Carbon dry cleaning machine (for delicates) and garment racking.

Work Room

There is a door at the rear of this area which leads into WORK ROOM equipped with garment racking, telephone, tables, presser, steam cabinet, steam iron, ironing board, steam pump and commercial tumble dryer.

Store Room

At the rear of this work room is a door which leads into a small STORE ROOM housing commercial washing machine and a domestic washing machine.

Kitchen

A door off this room leads to a KITCHEN and WC. 

Parking

There is a door at the rear of the property which leads to ONE ALLOCATED PARKING SPACE that the property benefits from.

Note

There is CCTV (6 cameras) and website included within the sale price.

Staff & Trading Hours

Business is run by the vendor, assisted by one full-time member and one part-time member of staff. Wage bill approximately £380 per week. Monday 8.00 a.m. to 7.00 p.m. Tuesday to Thursday 8.00 a.m. to 6.00 p.m. Friday 8.00 a.m. to 7.00 p.m. Saturday 8.00 a.m. to 6.00 p.m. Closed on Sundays.

Turnover

We are advised that takings average approximately £1,500 per week.

Business Rates

The premises is subject to a rateable value of £7,500 resulting in zero business rates payable for April 2018/19 should small business rate relief apply.

Legal Costs

Each party are to be responsible for their own, with the landlord's legal costs to be split 50/50.

Summary

A dry cleaning business that has been long-established for approximately 20 years. Fantastically fitted. Genuinely being sold due to vendor's other business interests. Fantastic trading location. Viewing recommended.

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.