Well Established Dry Cleaners In South East London For Sale

Business description

This well established Dry Cleaners has been in the same hands for the past 20 years and there are genuine reasons for sale.

Situated in an excellent trading position, within easy access to the City of London. The business enjoys a good contract turnover, which in our opinion has terrific potential for further development in the right hands.

SPACIOUS DOUBLE FRONTED PREMISES. Ground floor in the region of 1,000 sq. ft. with tiled floor. Counter, electronic cash register. The equipment includes Spencer Junior 48lb dry cleaning machine, 2 Hoffman presses, spotting table, large 20J Fulton Boiler.

Staff w.c. and wash hand basin

Stairs to first floor providing a further area in the region of 1,000 sq. ft. additional equipment includes 25lb Seco washing machines, 1-35lb Seco washing machine, large gas tumble dryer, 2 shirt machines, collar and cuff machine, ironing table.

Workroom with sewing machines, overlocking machine
Staff kitchen

Included in the sale is a delivery van Ford 03 plate, short wheel base, LPG

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a new 5 years Council lease at a current rental of £9,000 p.a. exclusive of rates, with rent reviews.

Uniform Business Rates: £2,500 p.a. approx.

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 20 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, densely populated residential area, LONDON, SE

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages in the region of £3,100 p.w. Included in the turnover is approximately £2,500 p.w. contract work from 3 receiving shops situated in Holborn, Liverpool Street & Fenchurch Street. In our opinion the business offers terrific potential for further development in the right hands.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Friday inclusive - 8 a.m. - 6 p.m.
Saturday opening - 9 a.m. - 5 p.m.
CLOSED ALL DAY SUNDAY & WE UNDERSTAND ALSO CLOSED ON ALL BANK HOLIDAYS

Employees:

The business is at present operated by the vendor with the assistance of 1 full time presser, 1 part time shirt presser, 1 full time counter assistant plus 1 full time in respect of tailoring. Wages paid in the region of £1,100 p.w.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance