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Reference M4866

Dry Cleaners in North London For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, busy NORTH LONDON

Turnover 1,300
Price 55,000

Features

Busy well Established Dry Cleaning Shop For Sale In Seven Sisters, North London Reduced To 55,000 Plus Stock At Valuation, Subject To Contract For Early Sale

SPACIOUS DOUBLE FRONTED DRY CLEANERS with tiled floor. The equipment includes counter, Bowe dry cleaning machine, 2 Hoffman presses, 1 Suzi, 1 spotting table, 1 50lb JLA dryer, 2 large 13kg washing machines, 1 steam boiler, recently re-tubed, presser, vacuum, sewing machine, overlocking machine, invisible hemming machine. CCTV system with 4 cameras, monitor plus recording.

Kitchen
W.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover is in the region of 1,300/1,500 p.w. in our opinion offering further potential to increase in the right hands. The vendor has advised us that the turnover could be increased if the business commenced opening in the morning from 7 a.m./7.30 a.m. to attract more passing trade & inour opinion there is potential to introduce key cutting & a shoe repair agency, if desired. The shop also caters to some commercial clients & currently has 2 ongoing contracts.

Staff

At present operated and run by the 2 part time staff and 1 part time presser.

Trading Hours

Monday - Friday inclusive - 8.45 a.m. - 7.30 p.m.
Saturday opening - 9 a.m. - 6 p.m.
NO SUNDAY TRADING

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 13 years unexpired at a rental of 15,000 p.a. exclusive of rates for the next 3 years with rent to be agreed thereafter. (We understand from the present tenant the landlord at the present time pays 5,000 p.a. for using the dry cleaning machine for his clothes as we understand he runs a Laundry Business and uses the machine for his dry cleaning and therefore at the present time the net rent is only 10,000 p.a).

Uniform Business Rates: 660 p.a. (after small business relief)

RECOMMENDED FOR EARLY INSPECTION

REDUCED FOR EARLY SALE

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 55,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 27,500 (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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