Dry Cleaners in East London For Sale

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

Turnover £ 1,500
Price £24,950

Features

Dry Cleaners, Laundry & Repairs (receiving Shop)

6 DAYS OPENING

SINGLE FRONTED PREMISES, PREMISES in the region of 250 ft², WITH ELECTRIC SHUTTERS - CCTV, Tiled floor, LED spot lights and pendants.


Customer waiting area.

Extensive garment racking.

Sales counter - digital display.

Staff toilet.

Kitchen area with fridge, sink, microwave, etc.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,500 p.w. (50% laundry, 25% dry cleaning, 25% repairs)

Staff

The business is at present operated by the Staff with 1 full time staff employed.

Trading Hours

6 Day week
MONDAY - FRIDAY 8 am - 7.30pm
SATURDAY 8.30 am - 6.30 pm
CLOSED SUNDAY

There is local demand for Sunday opening.

Outside

Bin Store.

Tenure

The vendor owns the long Leasehold and, subject to satisfactory references, are prepared to grant a new sub-lease for 15 years with reviews every 5 years (next review 2029) at an initial rent of £12,500 p.a. for the first 1 year, then at a rent of £13,000 p.a. until the first rent review. Rent increases to be 8% or CPI (whichever the greater).

The vendor is prepared to grant a 1 month rent free period.

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £24,950 plus STOCK AT VALUATION
LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 12,475 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote