Launderettes for sale in London

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Thriving Dry Cleaners and Launderette - 2 Locations

London, England

  • Leasehold Price: £245,950  Price Reduced arrow_drop_down
  • Turnover: £179,073
Seller Reference: 14827 F
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Business Description
 
 
 
 
 
 
 
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Seller Reference: 14827 F
Request Details
Business Description
Business
Hilton Smythe are delighted to present to the market Mackenzie Dry cleaners, established by our client in 1990 and now after 28 years of successful trading finally making the decision to retire.

The thriving master Dry cleaners and launderers are highly respected within London, the turnover is split 60% from local residents living in Southgate, Highgate and Hampstead and 40% from business customers which includes many celebrities, politicians and royalty. Company relationships include Aquascutum, Kilgour, Alfred Dunhill, Ede and Ravenscroft and Help A bride.

The business specialises in all types of dry cleaning, textile cleaning, fine linen, wedding dress cleaning, garment cleaning, tailoring, repairs and alterations and laundry services.

Our client uses environmental friendly cleaning solutions from Green Earth to sanitone.

A full pickup and delivery service is available (deliveries twice a week.

Currently our client runs the business to suit and there is endless scope to add at least 35% to current turnover

Opportunity to increase turnover by adding social media, updated website, leaflet drop and advertising programme

Location
Mackenzie Dry cleaners operates from a prominent unit on Hampden square in Southgate, North London, a second unit facing on Onslow Parade is mainly used as a workshop.

The business sits along a busy parade of community driven shops, cafes and hairdressers including a popular Tesco local. There is free parking directly outside including a large off-street car park less than 2 mins walk away.

Southgate is an affluent part of north London, 8 miles north of Charing Cross and situated between Barnet and Enfield just off the North circular.

Nearest tube station is Southgate and main line station is Oakleigh park.

Premises
Hampden square unit:
Bespoke solid wood counter and storage unit
2 ironing tables, 1 press, 1 spotter
Green earth dry cleaning machine - 48lb capacity
Bowe dry cleaning machine - 35lb capacity
Spare storage
Staff kitchen and toilet

Onslow parade unit:
35lb washing machine
48 lb washing machine
50lb dryer
75lb dryer
Roller press
2 sewing machines
2 felling machines
2 overlooking machines
Storage shelving
Water tank and boiler
Staff toilet and kitchen area

Fully signed Mercedes veto delivery van

Tenure
Leaseholds:
Hampden square a new 20 year lease available paying £20,000 per year
Onslow Parade also a new 20 year lease available paying £10,800 per year

Hours
Monday – Saturday 8.30-5.30
Sunday Closed

Staff
Owner full time
Full time presser
Part time presser
Self-employed tailor
Driver

Financial Profile
2017

Turnover: £179,073
Gross profit: £170,742
Adjusted net: £94,356
Assets: £45,000
Rates payable : £0.00

Tenure:
Leasehold
Listed by:
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