Long Established Dry Cleaners and Laundry in South London For Sale

Situated in a parade, excellent main road trading position, close to Tesco and Sainsbury's, SW LONDON

Turnover £ 10,500
Price £375,000

Features

Long Established Dry Cleaning and Laundry Business (including Alterations and Repairs) with Receiving Shop 1 Mile Away


6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 1,450 ft², Tiled flooring, suspended ceiling with tube lights.

Customer waiting area.

Sale counter - Touch screen cash register (Spot system), clothing rails.

DRY CLEANING SECTION, fully equipped including;

AMA Universal 16kg dry cleaning machine
3 Hoffman presses
Jacket Former machine
2 Bagging machine
Spotting table

Work desk.

Kitchenette - counter, cupboard, fridge sink, kettle, microwave.

Staff toilet with wash hand basin


LAUNDRY SECTION, fully equipped including;

2 Large washing machines Mag & Electrolux
2 Large tumble dryer Electrolux and Warwick
Flat packing machine
BMM Weston Roller
Sankosha 2 piece shirt unit
Compressor
Steam iron

Controlled Flame Boiler 30hp gas fired

Staff toilet with wash hand basin.

Storeroom.


RECEIVING BRANCH - located 1 mile away, residential area close to school.

Single fronted premises, in the region of 150 ft².

Customer waiting area.

Counter with shelves beneath, Spot till system, clothing rails.

Staff toilet with wash hand basin.

Basement, in the region of 170 ft², used for storage.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,500 p.w. (including £4,000 p.w. approx. from the receiving shop.) Gross Profit 57%

We are advised the sales year ending 31st August 2024 were £514,000 with a Gross Profit of £285,000

Staff

The business is at present operated by the 2 partners, with the assistance of 8 part time staff (including drivers)

Trading Hours

Main Branch 6 Day week
MONDAY - SATURDAY 8.30 am - 4 pm
CLOSED SUNDAY

2 vans undertaking delivey and pick ups as required.

We are advised there is demand for longer opening hours and potential to increase the business.

Receiving shop 6 Day week
MONDAY - SATURDAY 8.30 am - 4 pm
CLOSED SUNDAY

Outside

Drive way to rear.

Vehicle electric charging unit.

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 2018 with reviews every 5 years (next review 2028) at a current rent of £42,000 p.a. In addition we understand there is a Service charge of £6,700 p.a. approx.

Business Rates from April 2025 £8,233 approx. (Please contact local authority to confirm)

WE HAVE BEEN INFORMED BY THE VENDOR that the RECEIVING PREMISES are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2019 with reviews every 5 years (next review 2029) at a current rent of £14,250 p.a.

Business Rates from April 2025 £2,335 approx. After small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1971, AND OFFERED FOR SALE SOLELY DUE TO OWNERS' RETIREMENT

Price

TO INCLUDE THE LEASES, GOODWILL, FIXTURES & FITTINGS £375,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 187,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote