Avenue Road Dry Cleaners, Unit 3, Greenacres Shopping Centre, The Long Avenue, Marshes Lower, Dundalk, Co. Louth

The Opportunity Sherry Fitzgerald Carroll are delighted to present a unique opportunity to acquire a highly profitable dry-cleaning business, Avenue Dry Cleaners & Launderette, to include the leasehold interest. Location The business is situated within a prime commercial precinct in Greenacres Shopping Centre in Dundalk on the Avenue Road approximately 900 metres south east of Dundalk Town Centre and 4.8 km from Blackrock Village. The Greenacres Shopping Centre is a mixed-use centre with existing occupiers including Centra, Country Fresh, Tony s Grill, Avenue Inn Bar & Off-Licence, Connolly s Pharmacy and Bar One Racing Bookmakers. The Avenue Road is also within close proximity to a range of commercial operators including the Tesco Express, Lidl and The Marshes Shopping Centre. In addition, Dundalk Train Station, Dundalk Bus Station and a range of large residential districts are within the immediate surrounding areas. In recent years, Dundalk has become a leading light in foreign direct investment with some world leading names choosing to locate here such as National Pen, Xerox, Anord Mardix, Wasdell and WuXi Biologics. About Avenue Road Dry Cleaners One of Dundalk s last remaining dry cleaners, the business has been in operation since the 1980 s. The fully equipped business includes the very best in industry equipment including Renzecci dry cleaning machine, 2 Hoffman Presses, 4 steam irons and 5 washing machines. The business benefits from a number of commercial contracts. This is an exciting opportunity to acquire a well established, reputable businesses with huge potential for further growth and expansion given the strong loyal customer base and their high-profile location. The Building Avenue Dry Cleaners & Launderette is on offer on a leasehold basis and the business comprises 2 self-contained ground floor retail units; the main building to the front extending to approximately 65.59 Sq. M. / 706 Sq. Ft. and a unit to the rear extending to approximately 51.23 Sq. M. / 551 Sq. Ft. The business benefits from excellent car parking facilities to the front of the building. Leasehold Details Unit 3 Greenacres Shopping Centre (Front unit) Let to dundalk Dry Cleaners Limited on a full repairing and insuring lease. The Lease is for a term of 20 years from 1st August 2015. The Lease is subject to five yearly open market rent reviews. The current passing rent is approx. 12,000 per annum. Unit to the Rear of Unit 3 Greenacres Shopping Centre (Rear unit) Let to dundalk Dry Cleaners Limited on a full repairing and insuring lease. The Lease is for a term of 35 years from 22nd August 1996. The Lease is subject to five yearly open market rent reviews. The current passing rent is approx. 6,200 per annum. Full Lease details available upon request. Business Trading Hours Monday Friday 9am 5pm & Saturday 9am 4pm Summary Highly Profitable laundrette for sale Leasehold interest 2 Self-contained buildings in excellent location Excellent business model with huge potential Very experienced team of staff to transfer with the sale VIEWING All viewings through sole selling agents Sherry FitzGerald Carroll. Confidentiality The sale is of an utmost confidential nature, and all potential buyers are requested not to simply arrive at the premises and talk to staff/seller direct. This agent is your contact person throughout all negotiations. Please respect the sellers herein.