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Reference M4907

Dry Cleaners in Sydenham For Sale


Register to see map and to make an appointment Situated in a parade, excellent main road trading position, SE LONDON SYDENHAM

Turnover 1,600
Price 79,000

Features

Well Established Dry Cleaners

SPACIOUS SINGLE FRONTED SALES SHOP with tiled floor. Counter, display rails. 540 Bowe dry cleaning machine, shirt machine, 4 domestic washing machines, 1 sewing machine, overlocking machine.

Turnover

WE ARE INFORMED the turnover averages 1,600 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Staff

The business is at present operated by the vendor with the assistance of his wife on a part time basis plus 2 full time staff.

Trading Hours

Monday & Tuesday - 8 a.m. - 7 p.m.
CLOSED ALL DAY WEDNESDAY
Thursday & Friday - 8 a.m. - 6 p.m.
Saturday - 8 a.m. - 5 p.m.
Sunday - 10 a.m. - 2 p.m.

Accommodation

The accommodation in the form of 2 SELF CONTAINED FLATS over at preasent each let on shorthold tenancies providing a rental income of 1,000 per month each. We understand that vacant possession can be given of 1 or both of the flats on completion, if required. Each SELF CONTAINED FLAT comprises:

2 Bedrooms (1 double, 1 single)
Bathroom with bath, w.c. & wash hand basin
Lounge
Separate kitchen

Outside

Parking space for 2 cars (for the shop premises)

Tenure

We understand the entire premises are held on a secure renewable lease the present lease expiring in November, 2025 at a current rental of 34,000 p.a. exclusive of rates up to November, 2021 with rent to be agreed thereafter. (As will be appreciated with the current rental income from the 2 flats of 24,000 p.a. the net rental payable at the present time is only 10,000 p.a).

Uniform Business Rates: 700 p.a. approx after small business relief

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 79,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 39,500 (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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