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Reference M5468
Turnover £ 4,000
Price
£160,000
Features
Prestigious and Renowned Dry Cleaners with Alterations, Repairs and Shoe Repairs
6 DAYS OPENING
DOUBLE FRONTED GROUND FLOOR PREMISES in the region of 800 ft². Tiled floor, suspended ceiling, tube lighting. Sales counter, cash drawer, clothing rails, Union dry cleaning machine, spotting table, Ghidiny press, 3 washing machines, 2 tumble dryers, shelving racks.
Lower ground floor in the region of 800 ft².
2 cloakrooms each with toilet and sink.
Turnover
WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w.
Staff
The business is at present operated by the 2 partners (mother & son) with 1 full time dry cleaner and 1 part time presser. We are informed the wage bill averages £750 p.w. approx.
Trading Hours
6 Day week
MONDAY - FRIDAY 8 a.m - 6 p.m
SATURDAY 9 a.m - 2 p.m
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 2017 with reviews every 5 years (next review 2022) at a current rent of £45,000 p.a. plus VAT. (THE LANDLORD HAS NOT CARRIED OUT THE RENT REVIEW DUE DEC 2022)
Business Rates from April 2023 £418 per calender month approx. (Please contact local authority to confirm)
THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1967
Price
TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £160,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Finance
Subject to status, you maybe able to borrow up to £ 80,000 (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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