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SOLD OR WITHDRAWN FROM THE MARKET
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Dry Cleaning Business on Busy Road in North West London

Undisclosed, London
Status
SOLD / WITHDRAWN
Advert ID
205304
Reference
66661-89136 / Rightbiz
Leasehold Price: £80,000
Annual Turnover: £100,000

Great opportunity to acquire a dry cleaning business running for the past 2 years among a parade of shops on the busy Finchley Road with high footfall, close to several Underground stations, and serving an affluent area of North-West London. This business is one of three branches owned by the present owner who wishes to focus on the other two branches, which are in different areas. Dry cleaning services are provided for clothes and bed linen along with alteration and repair work, although this constitutes a small portion of the business’ earnings.

The business generates turnover of £2,000/week, and has rental costs of £15,000/annum with 8 years left on the lease with a rent review every 5 years. Business rates are very low at £3,000/annum. Wage costs are £15,000/annum and this all results in healthy profits of approximately £60,000/annum and so a pay-back period of less than two years on the initial investment. There are further expansion opportunities through more advertising in the local area.

The premises of about 400 square feet, includes the main shop floor area with counter where customers are served and items for dry cleaning are hung, as well as a storage room at the back, from which the terrace can be accessed and a toilet. The shop benefits from being one of the few on the parade and in the area with outdoor terrace space at the rear. The following items are included as part of the sale: a heavy duty washing machine, shirt press, collar press, boiler, and extractor, along with all fixtures and fittings.

This business is being marketed by Transworld Business Advisors as sole agency advisors. Please get in touch on 07881-500900 or vkhadem@tworld.com as soon as possible for more information about this unique opportunity.

Listing Details
Location: Undisclosed, London
Sector: Dry Cleaning Businesses
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Advert Reference: 66661-89136 / Rightbiz

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