Long Established Dry Cleaners and Shoe Repairs in High Wycombe For Sale

Situated in a parade, excellent trading position, close to the High Street, HIGH WYCOMBE, BUCKINGHAMSHIRE. The receiving shop is located 5 miles away in MARLOW, BUCKINGHAMSHIRE.

Turnover £ 3,750
Price £115,000

Features

Long Established Dry Cleaners, Shoe Repairs and Key Cutting with Satellite Receiving Shop 5 Miles Away

6 DAYS OPENING

DOUBLE FRONTED PREMISES, PREMISES in the region of 375 ft², WITH ELECTRIC SHUTTERS, Industrial non slip vinyl flooring, suspended ceiling with LED light panels.

Sales counter, touch screen cash register, clothing rails. Key cutting machine.

Ranacci 'Progress' dry cleaning machine, steam cabinet, Ranacci 'Pony' garment presser, ironing tables, bagging machine.

Stairs to first floor in the region of 320 ft².

Commercial washing machine, commercial tumble dryer

Staff cloakroom with toilet and wash hand basin.

Kitchen area - Cupboard, sink, fridge, microwave, etc.

Turnover

WE ARE INFORMED by the owner the combined turnover currently averages £3,500 p.w. - £4,000 p.w. (approximately £1,500 p.w. in respect of the receiving shop.)

Staff

The vendors opperate both units with the assistance of part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY 8 am - 5.30 pm

With further potential for increased opening, targeted marketing and increased lines.

Tenure

The vendor owns the freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE LEASE for 15 years with reviews every 3 years at an initial rent of £24,000 p.a. for the first 3 years.

Business Rates from April 2025 £3,500 approx. (Please contact local authority to confirm)

Regarding the receiving shop;

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2017 with reviews every 5 years at a current rent of £16,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASES, GOODWILL, FIXTURES & FITTINGS £115,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 57,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote