2 Managed Dry Cleaners in West London For Sale

Situated in a Parade, excellent trading position, residential, office and commercial area, WEST LONDON

Turnover £ 19,500
Price £675,000

Features

2 well Established Dry Cleaners

6 DAYS OPENING ~ NET PROFIT OF £188,962
Included in the sale are 3 sign written vans

DOUBLE FRONTED in the region of 2,000 ft², vinyl floor, suspended ceiling with fluorescent lighting, sales counter, Drystream EPOS system, 18kg Union Dry Cleaning machine, 2x Ghidini Press, Ghidini steam cabinet, cold/hot spotting table, bagging machine, control flame boiler 10HP, condense tank, dilution fan system, domestic Hotpoint dryer, Electrolux 13.5kg dryer, Hydrovane compressor, 2pc Sankosha shirt unit, Sankosha shirt air blower, Hydrovane compressor, 2x HF 234 Ipso 16kg washing machine, Juki sewing machine

Basement in the region of 900 ft²

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

SHOP 2

DOUBLE PREMISES in the region of 780 ft² PREMISES with carpet tiled floor. Counter, computer system for customers' records. Union Dry Cleaning Machine, spotting table, 2 presses, steam cabinet etc.

Basement in the region of 190 ft² with flame boiler, washing machine, tumble dryer

Staff cloakroom with w.c. & wash hand basin

Turnover

The accounts for August 2023 shows sales of £842,094, with a Gross Profit £470,461 and a Net Profit of £188,962

Staff

Both business are staff run with directors' supervision.

SHOP 1
The business is at present operated by the vendor plus 3 full time & 5 part time staff.

SHOP 2
The business is at present operated by the vendor plus 3 full time & 1 part time staff.

Trading Hours

6 Day week
SHOP 1
MONDAY - 8am - 7pm
TUESDAY - FRIDAY 8am - 6pm
SATURDAY 9.30am - 5.30pm

SHOP 2
MONDAY - FRIDAY 8am - 6pm
SATURDAY 9am - 5pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £72,900 p.a.

Business Rates from April 2023 £7,808 approx. (Please contact local authority to confirm)

SHOP 2

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2016 with reviews every 5 years (next review 2026) at a current rent of £54,000 p.a.

Business Rates from April 2023 £4,709 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1979, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £675,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 337,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote