Retail Space for sale in London

View the "DRY CLEANERS WITH UPPER PARTS/NORTH LONDON/Ref No:24268" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.


London, England

  • Leasehold Price: £450,000
Seller Reference: 24268
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Business Description
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Seller Reference: 24268
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Business Description
LOCATION: Retail shop on main road position located in the center of the residential area no business competition near to the bus stop having a large footfall.

OVERVIEW: A well-established shop from the last 36 years has an A1 license on the same hand has a good client base and a reputation in the area, The shop comes with 3 bedroom flat upstairs which is currently self-occupied. The business is fully equipped with required machines for the trade, has two commercial washers of 40kg and 20Kg, Two regular washers of 10Kg and 12Kg, two tumble dryers, Commercial Boiler Dry Cleaning Machine, Finishing Tabel,2 Halfman Press, vacuum pump for Dryer, 17 boilers and 2 delivery vans.
The shop size is approx. 980 sqft. It has off-street parking.

Potential: The 3 bedroom flat can generate additional rental income.
The business can be boosted by adding services by Key cutting, alteration to the clothes

TERM: Leasehold for 15 years and rent review every 5 years.
Turnover: The shop has a sale of £8750 approx per week, and has the potential to take the business to £15000 per week
Financials and Price: The business is marketed for the goodwill of £199,000. It includes all the fixtures and fitting along with 2 delivery vans.
Rent: £45,000 per annum (Shop and the upper parts)
Rent: £22,000 per annum (Only lock-up shop)
Business Rates: Small Business rates relief.
Timings: Monday to Saturday from 8.30 a.m to 6.30 p.m. Sunday Closed.

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