Well Established Dry Cleaners near Croydon For Sale London, United Kingdom Advert ref: DC519CG Business description
LOCATION
Situated within a densely populated area of South London/North Croydon in a small parade of mixed shops and houses on a busy commuter road. The business is virtually unopposed and has vast potential for expansion. Ample unrestricted parking is available in the numerous residential roads nearby.
DESCRIPTION
This business is a typical owner operated dry cleaners offering a full range of services including “Shirt Service”, curtains, duvets, Wedding dresses and tailoring/alterations. Most work is carried out “in house” with some of the more specialised services outsourced. The customer base is mainly from regular local residents.
THE BUSINESS
We are informed that the business is currently taking in the region of £700/£750 per week. Full accounting information will be made available to serious potential purchasers after a formal viewing of the business.
POTENTIAL
In our opinion there is vast potential for expansion of this business by offering further services and expanding opening hours. To the rear of the shop there is ample space to install further equipment to enable services such as nappy cleaning or commercial laundry services to be carried out.
REASON FOR SALE
The owner wishes to pursue other business interests.
THE PROPERTY
Fully glazed front. Sales area with counter and rails to rear. Large rear room with rear access via double door to rear alley, staff kitchen and staff toilet. Equipment includes Bowe Comet dry Cleaning machine, Ghindi Vapour Box, Hoffman press, Cissell finishing table, Neil & Spencer spotting table and bagging machine. The gas water boiler was refurbished in 2007 and all equipment is regularly serviced. In addition the staff kitchen houses a domestic washing machine, refrigerator and stainless steel sink. There is ample space to install further equipment if required.
WORK IN PROGRESS
To be purchased separately at valuation: approximately £500.
RATES
The current owner pays around £500 per year Business rates (after Small Business Rate Relief). Potential purchasers should make enquiries of the local authority as regards their own liability.
STAFF
The business is currently owner run.
Property: Leasehold
Lease terms
We are informed that the business is held on a fifteen year lease with two years expired. The current rent is £10,000 per annum.
Location
Situated within a densely populated area of South London/North Croydon in a small parade of mixed shops and houses on a busy commuter road. The business is virtually unopposed and has vast potential for expansion. Ample unrestricted parking is available in the numerous residential roads nearby.
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| | Financial details Asking price: £32,500
Sales revenue: £35,000
Net profit: 0 - £100k
Furniture / Fixtures value: £10,000
Inventory / Stock value: Undisclosed |
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