Dry Cleaners plus Accessories in North London For Sale

Occupying a corner position, excellent trading position, residential and commercial area, NW LONDON

Turnover £ 5,000
Price £172,500

Features

Dry Cleaners (receiving Shop) Including Clothing Alterations, Repairs, Shoe Repairs and The Sale of Associated Accessories (umbrellas, Polish, Stain Removers, Etc)

DOUBLE FRONTED PREMISES in the region of 400 ft², CCTV, Amtico flooring, suspended ceiling with spot lights.

Alteration / Repair section with sewing machine, over-locker, hemming machine, etc.

Sales counter- EPOS till (not included).

Clothing rails, pigeon holes, slat wall system for product displays and storage.

Fitting room.

Staff kitchenette with sink, fridge, microwave.

Cloakroom with toilet and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. Gross profit of 70% approx.

The approximate sales breakdown is; Dry cleaning and laundry 75%, Alterations and repairs 18%, Shoe repairs wedding dresses, hand bage restoration, etc 5%, Retail merchandise 2%

Staff

The business is at present operated by the manager with the assistance of 1 part time tailor.

Trading Hours

7 Day week
MONDAY - FRIDAY 8 a.m. - 6 p.m.
SATURDAY 9 a.m. - 6 p.m.
SUNDAY 11 a.m. - 5 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2013 with reviews every 5 years (next review 2028) at a current rent of £37,500 p.a.

Business Rates from April 2025 £7,784 approx. after small business relief. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1996, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £172,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 86,250 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote