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Reference M5543
Situated in a parade, excellent trading position, residential, office and commercial area, OXFORDSHIRE
Turnover £ 3,000
Price
£115,000
Features
Modern Dry Cleaners & Tailoring Business
SINGLE FRONTED PREMISES in the region of 610 ft². Swann security camera (4 cameras on now. 4 cameras off). Concrete flooring, suspended ceiling. Customer waiting area. Sales counter, electric cash register. Clothing rails. Union Dry Cleaning machine, 2 sewing machines, hemming machine, overlocking machine, 2 washing machines, tumble dryer, pressing table, spotting table, boiler compressor.
Staff cloakroom with toilet and wash hand basin
Kitchen area with fridge, sink, microwave, kettle and cupboard
Turnover
WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w.
Staff
The business is at present operated under management with the assistance of 3 part time staff. We are informed the wage bill averages £1,000 p.w. approx.
Trading Hours
7 Day week
MONDAY - FRIDAY 9 a.m - 6 p.m
SATURDAY 9 a.m - 5 p.m
SUNDAY 10 a.m - 3 p.m
Outside
Rear yard for bins
Tenure
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 2020 with reviews every 5 years (next review 2025) at a current rent of £25,000 p.a. plus VAT
Business Rates from April 2023 £6,600 approx. (Please contact local authority to confirm)
THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.
Price
TO INCLUDE THE SECURE RENEWABLE LEASE, 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
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