Old Established Dry Cleaners in South London For Sale

Situated in a parade, busy road, close to river & station, SW LONDON

Turnover £ 4,000
Price £160,000

Features

Old Established Dry Cleaners

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 540 ft² WITH DOUBLE DOORS, tiled floor, LED lighting, sales counter, Axceff IT till, Union (2014) dry cleaning machine, spotting table, 2 x Hoffman press, 2 x washing machine, 2 x tumble dryer, ironing table, sewing machine, hemming machine, overlocking machine, rails, compressor hydro vain, etc.

Storage area with rails.

Kitchen

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

Cellar used for storage.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w.

Staff

The business is at present operated by the vendor with the assistance of 1 full time & 1 part time staff.

Trading Hours

6 Day week
MONDAY - FRIDAY 8am - 6.30pm
SATURDAY 8.30am - 5.30pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2014 with reviews every 3 years (next review 2026) at a current rent of £27,500 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 £1,680 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2014, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £160,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 80,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote