Professional Dry Cleaners in North London For Sale

Excellent trading position, sought after residential area, NORTH LONDON

Turnover £ 7,500
Price £350,000

Features

Professional Dry Cleaners with Tailoring and Repairs Service

IMMACULATE DOUBLE FRONTED PREMISES, in the region of 1,600 ft², CCTV (4 cameras), porcelain tiled flooring, plasterboard ceiling with tube lighting.

Tailoring unit to the front with sewing machine, over-locking machine, hemming machine, etc.

Sales counter, 2 EPOS cash registers, clothing rails.

Garment assembly unit with automatic bagging machine, BMM shirt press with collar and cuff.

Production area - 2 Hoffman presses, jacket press, trouser press, spotting table, M18 Bowe Sensene dry cleaning machine, compressor, 2 x 50 lb JLA washing machines, 2 x 50 lbs tumber dryers.

Water softner, second compressor, water bolier.

Approximately 120 ft of rails with garments ready to be collected.

Staff canteen area - Fitted cupboards, oven, hob, microwave, sink, fridge, kettle, etc.

2 Staff cloakrooms (ladies and gentlemans) with toilet and wash hand basin.

Roller shutter for rear access.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,250 p.w. Gross sales for the year ending 31st March 2025 were £382,520.

Staff

The business is at present operated by the vendor plus a tailor and one additional full time staff member.

Trading Hours

7 Day week
MONDAY - SATURDAY 8 a.m. - 6 p.m.
SUNDAY 10 a.m. - 3 p.m.

Scope and demand for longers hours and the introduction of a collection and delivery service.

Outside

Rear access, roller shutter.

Refuse store and staff rest area.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2014 with reviews every 4 years (next review March 2026, anticipated to be £42,240) at a current rent of £38,400 p.a. The rent is fixed in the lease not to increase more than 2.5% increase per annum.

Business Rates from April 2025 £10,704 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2003, AND OFFERED FOR SALE SOLELY DUE TO OWNER'S SEMI-RETIREMENT

Price

OFFERS INVITED TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS IN EXCESS OF £350,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 175,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote