Prestigious Dry Cleaners and Tailors in South Kensington For Sale

Situated in a parade, busy road, residential and commercial area, SW LONDON SOUTH KENSINGTON

Turnover £ 4,000
Price £160,000

Features

Prestigious and Renowned Dry Cleaners with Alterations, Repairs and Shoe Repairs

6 DAYS OPENING

DOUBLE FRONTED GROUND FLOOR PREMISES in the region of 800 ft². Tiled floor, suspended ceiling, tube lighting. Sales counter, cash drawer, clothing rails, Union dry cleaning machine, spotting table, Ghidiny press, 3 washing machines, 2 tumble dryers, shelving racks.

Lower ground floor in the region of 800 ft².

2 cloakrooms each with toilet and sink.

Turnover

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

Staff

The business is at present operated by the 2 partners (mother & son) with 1 full time dry cleaner and 1 part time presser. We are informed the wage bill averages £750 p.w. approx.

Trading Hours

6 Day week
MONDAY - FRIDAY 8 a.m - 6 p.m
SATURDAY 9 a.m - 2 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a (private landlord), granted for 10 years in 2017 with reviews every 5 years (next review 2022) at a current rent of £45,000 p.a. plus VAT. (THE LANDLORD HAS NOT CARRIED OUT THE RENT REVIEW DUE DEC 2022)

Business Rates from April 2023 £418 per calender month approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1967

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