Receiving Dry Cleaners in North London For Sale

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

Turnover £ 3,500
Price £117,500

Features

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

6 DAYS OPENING

SINGLE FRONTED PREMISES, CCTV, Hardwood engineered flooring, suspended ceiling with light panels.

Sales counter (granite) - EPOS till (not included)

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

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 £3,500 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

6 Day week
MONDAY - FRIDAY 8 a.m. - 6 p.m.
SATURDAY 9 a.m. - 6 p.m.

We are advised there is potential, and demand, for increased opening.

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 2020 with reviews every 5 years (next review 2030) at a current rent of £24,000 p.a. We are advised there is a break clause, excercisable by the tenant, in 2030.

Business Rates from April 2025 £5,464 approx. after small business relief. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2000, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £117,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 58,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote