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Reference M4901

Dry Cleaners in Middlesex For Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, MIDDLESEX

Turnover 3,100
Price 125,000

Features

Well Established Dry Cleaners

SPACIOUS SINGLE FRONTED DRY CLEANERS in the region of 675 sq. ft. with double entrance door. Tiled floor & well equipped including counter, 1 computer, electronic cash register.

Work area with concrete floor, Bowe P18 machine, 1 spotting table, 2 Hoffman presses, 1 Rotary cabinet, 1 control flamed boiler, 2 sewing machines, 1 overlocking machine, 1 hemming machine.

The following 2 items are on rental to be taken over: 1-23 kilo washing machine, 50kg tumble dryer.

Kitchen
Office
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 3,100 p.w. in our opinion offering further potential to increase in the right hands. We understand included in the turnover is approximately 1,000 p.w. contract work.

Staff

At present operated by the owner with the assistance of 1 full time plus 1 part time. In addition there is 1 part time tailor for alterations.
It will be appreciated upon inspection that with an active husband & wife team the wage bill could significantly be reduced.

Trading Hours

Monday - Saturday inclusive - 8 a.m. - 7 p.m.
Sunday opening - 11 a.m. - 5 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 11 years unexpired at a rental of 20,000 p.a. exclusive of rates for the next 2 years, increasing at that time to 22,000 p.a. exclusive of rates for the next 5 years with a further increase at that time to 24,000 p.a. exclusive of rates for the remainder of the term.

Uniform Business Rates: 8,500 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2006 AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 125,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 62,500 (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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