Old Established North London Dry Cleaners For Sale

Business description

SINGLE FRONTED DRY CLEANERS. Front area with carpet tiled floor, hanging rails, counter, electronic cash register.

Work area with part tiled floor. Union L728E dry cleaning machine (new 2001), Tubeless boiler (new 2001), Hoffman press, vacuum ironing table, 30lb washing machine, sewing machine etc.

Staff w.c.

In our opinion the business requires some redecoration and refurbishment.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a new 20 years from a private landlord at a rental of £8,500 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £1,700 p.a. approx. (after small business relief)

THIS DRY CLEANERS HAS BEEN IN THE SAME HANDS FOR THE PAST 10 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, main road trading position, densely populated residential area, LONDON, N

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £800 p.w. in our opinion offering tremendous potential for further increase in the right hands, especially with possibly introducing collection and delivery. The business is situated in an expanding area and within approx. 5 minutes walk of Arsenal Football Ground where we understand approx. 1,000 flats are in the course of construction providing in the future many more additional persons residing in the area.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £29,500 plus STOCK AT VALUATION. SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday & Tuesday - 8 a.m. - 7 p.m.
Wednesday - 8 a.m. - 2 p.m.
Thursday & Friday - 8 a.m. - 7 p.m.
Saturday - 8 a.m. - 5 p.m.
NO SUNDAY TRADING

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.