Chain of 2 Dry Cleaners in North London For Sale

SHOP 1 - Situated in a Parade, excellent trading position, residential, office and commercial area, NORTH WEST LONDON

SHOP 2 - Situated in a Parade, excellent trading position, residential area, WEST LONDON

Turnover £ 11,500
Price £250,000

Features

Chain of 2 Dry Cleaners

SHOP 1 -
6 DAYS OPENING

DOUBLE FRONTED PREMISES WITH SHUTTERS, vinyl floor, suspended ceiling with fluorescent lighting, sales counter, EPOS till, Bowe 540 dry cleaning machine, spotting table, 2 xHoffman press, Wet cleaning System, sewing machine, overlocking machine, compressor.

Outside Staff Toilet with w.c. and wash hand basin.

SHOP 2 -
Established 1968
6 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 1,085 ft² WITH SHUTTERS, Amtico flooring, suspended ceiling with fluorescent lighting, sales counter, EPOS till, Union Dry Cleaning Machine, spotting table, sewing machine, hemming machine, overlocking machine, rails, CCTV system

Staff Kitchen

Basement Laundry Factory in the region of 490 ft² with Sankosha body shirt press and collar and cuff machines, 5 washing machine, 2 large tumble dryer, etc

Toilet with w.c. and wash hand basin.

Turnover

SHOP 1 - WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w.

SHOP 2 - WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. (£1,000 contract work)

Staff

SHOP 1 - The business is at present operated by 2 full time staff employed.

SHOP 2 - The business is at present operated by a Manager with 2 full time staff employed.

Trading Hours

SHOP 1 & 2
6 Day week
MONDAY - SATURDAY 8am - 6pm

Outside

SHOP 1 & 2 - Small Rear yard

Tenure

SHOP 1 -
WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2012 with reviews every 4 years (next review 2028) at a current rent of £39,000 p.a.

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed.

Business Rates from April 2025 £7,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2005, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

SHOP 2 -
WE HAVE BEEN INFORMED BY THE VENDOR that subject to satisfactory references the Landlord will grant a new 15 year lease with 5 yearly reviews at a starting rent of £36,000 p.a.

Business Rates from April 2024 £3,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2004, AND OFFERED FOR SALE SOLELY DUE TO MANAGER'S RETIREMENT

Price

TO INCLUDE THE 2 SHOPS, SECURE RENEWABLE LEASES, GOODWILL, FIXTURES & FITTINGS OFFERS OVER £250,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 125,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote