Old Established Dry Cleaners For Sale

Business description

SPACIOUS DOUBLE FRONTED PREMISES approx. 20ft frontage by in the region of 40ft depth with canopy, electric shutters.

Front section laminated strip floor, counter, hanging rails. Burglar Alarm.

Large rear work section with ceramic tiled floor. The equipment includes Union Dry Cleaning Machine, 2 Hoffman presses, 2 washing machines, tumble dryer, boiler, overlocking sewing machine, flat machine, felling machine etc.

Property information

Property:

Leasehold

Lease terms:

The vendor owns the freehold and subject to satisfactoy references is prepared to grant a new 20 year lease at a rental of £25,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years.

Alternatively should the accommodation over not be required the vendor, subject to satisfactory references, is prepared to grant a new 20 years lease in respect of the shop only (excluding the living accommodation) at a rental of £15,600 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £2,857 p.a. (after small business relief) + water rates (metered)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy and provides a rental income of £11,800 p.a. however, we understand that vacant possession can be given on completion, if required. The FLAT, fully DOUBL

Location:

Situated in a parade, excellent main road trading position, LONDON N

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £1,200 p.w. in our opinion offering tremendous potential for further development in the right hands.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Friday inclusive - 8 a.m. - 6.30 p.m.
With the exception of Thursday when the business closes at 1 p.m.
Saturday opening 8 a .m. - 6 p.m.
NO SUNDAY TRADING

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.