Dry Cleaners in East London For Sale

End of terrace property, excellent trading position, residential area, EAST LONDON

Turnover £ 1,200
Price £95,000

Features

Unopposed Dry Cleaners

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 450 ft² WITH ELECTRIC SHUTTERS. Wood strip floor, suspended ceiling with fluorescent lighting, Counter, Bowe dry cleaning machine, washing machine, Hoffman Press, spotting table, rails, 2 sewing machines, overlocking machine.

Staff toilet with w.c. and wash hand basin

Small Kitchen

Basement (320 ft² approx), used for storage purposes with compressor

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,200 p.w.

Staff

The business is at present operated by the lady vendor with family support as required

Trading Hours

6 Day week
Monday, Tuesday, Wednesday - 9 a.m. - 7 p.m.
Thursday - 9 a.m. - 1 p.m.
Friday - 9 a.m. - 7 p.m.
Saturday - 9 a.m. - 8 p.m.

Accommodation

THE SELF CONTAINED ACCOMMODATION in the form of a Flat, over 2 floors with Gas Fired Central Heating, at present let on a shorthold tenancy providing a rental income of £750 per week (4 rooms rented at £187.50 per week)

5 Bedrooms (3 doubles, 2 single)
Kitchen
Bathroom with bath, w.c. and wash hand basin

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2018 with reviews every 5 years (next review 2023) at a current rent of £23,300 p.a. As will be appreciated with the current rental income of £39,000 per annum from the accommodation at the present time, there is a profit rental of £15,700 p.a).

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE APRIL 1990 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote