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Dry Cleaning Group (7 receiving Shops) London

Undisclosed, Undisclosed
Status
FOR SALE
Advert ID
263709
Leasehold Price: £485,000
Annual Rent: £183,000
Annual Turnover: £2,500,000
Annual Net Profit: £300,000

We trade from 42 shops.

We are reducing our rental exposure.

All Shops trading As.

American Dry Cleaning Company.

7 x shops now available for sale.

ALL ARE RECEIVING SHOPS.

1.158 Putney High Street SW15

15 year lease from 2013
Tenant break 2023 ( six month notice)
Inside L&T act ( protected lease)
Rent £40K/ annum.
Rates £11K/ annum.

Gross Sales precovid

£4800/ week.

Has been a dry cleaner since 1910 in same location.

Will accept sensible offers around £80,000

2.11 Blenheim Crescent W11
10 year lease from 2014
Inside L&T act ( protected lease)
Rent £40K/ annum.

( Rent now £20K till June 2021)

Rates £10K/ annum.

Gross Sales precovid.

£3800/ week.

Will accept sensible offers around £75,000

3.23 Kendal Street W2
( was Elegant Dry Cleaner now Connaught Dry Cleaners)
New 10 years lease from 2019
Rent £37050
Rates £9K.

Gross Sales precovid.

£6K/ week.

Will accept sensible offer around £95,000

4. Upper Street Islington.
10 year lease from 2019
Tenant Break 2024
Rent £47K.
Rates £11K.

Gross sales prevoid.
£4,800

Will accept sensible offer around £75,000

5. Virgina Water( next to station)
Lease 20 years from 2016
Tenant break only clause every five years ( next break December 2021)
Rent £24K.
Rates £5K.

Gross sales prevoid.
£4,300

Will accept sensible offer around £75,000

6. Grove Park Chiswick.
New Lease 10 years available.
Break clause five years.
Rent £15K.
Rates £4K.

Gross sales prevoid.
£3,800

7. kings Road SW3

New Lease 10 years available.
Break clause five years.
Rent £ 40K.
Rates £8K.

Gross sales prevoid.
£5.800

Will accept sensible offer around £85,000

Have full accounts for shops.

Can be brought together or individually.

Please note;

Will not accept a new Co.

Applicant must have existing trading business with three years filed accounts.

The assignment must be assigned to an existing trading company-LL will not except new Co’s.

A six month LL rent deposit will required depending on applicants covenant.

Listing Details
Location: Undisclosed, Undisclosed
Sector: Launderettes, Dry Cleaning Businesses
Key Features
  • Accounts Available
  • Established Business
  • Central Position in Affluent Village
  • High Turnover
  • Offers Invited
  • Fully Fitted
  • Prime Location
  • Unique Business
  • Attractive Business
  • Large Business for Sale
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