Family-Run Dry Cleaning & Shoe Repair Shop on Sale in Great Dunmow, Essex
Great Dunmow, Essex
- Status
FOR SALE
- Date Submitted:
29/01/24
- Advert ID
605825
- Reference
B07785 / Rightbiz
- Call Agent:
- Leasehold: £119,995
- Turnover: £130,000 (£2,500 Per week)
- Net Profit: Not Applicable
Business Details
Dry Cleaning & Shoe Repairs Shop For Sale
BusinessPlease quote reference B07785
CoGoGo are delighted to bring to the market Dunmow Retail Limited & Morgan's Shoe Repairs Ltd T/A Morgan's Dry Cleaning, the first and only Dry Cleaners in Dunmow.
The business was originally established over 35 years ago, with our clients taking over in 2015. As seen by the online ratings and reviews, the business is extremely popular in the community.
It has now come to the open market due to our clients desire to move onto other business ventures.
Morgan's Dry Cleaning & Shoe Repairs is a family-run, independent and well-established business that has been serving the Great Dunmow and surrounding villages. Their professional dry cleaners treat every item as if it were their own, from those everyday items like casual wear, shirts, dresses and suits to those cherished items such as wedding dress.
Services offered include -
- Collection and Delivery
- Press-Only Service
- Shoe Repairs
- Repairs and Alterations
- Household Items
- Laundry Service
- Well established
- High footfall location
- Scope for expansion
- Excellent reputation
- Commercial contracts in place
- Handover period offered
Location
Dunmow Retail Limited & Morgan's Shoe Repairs Ltd is located on Market Place, in the town of Great Dunmow, Essex.
Due to its location, it receives high levels of footfall.
Premises
- The premises is fully kitted out to suit the trade with an open plan service area
- WC
- Kitchen area
Tenure
We are advised that this business is being sold on a Leasehold basis, currently on a 10 year lease. The rent is £12,000 per annum.
Hours
The current trading hours are -
Monday to Friday - 8:30am - 5:00pm
Saturday - 9:00am - 1:00pm
Sunday - Closed
Staff
We are advised that the business is run and managed by our client on a full time basis, with the help of 4 staff members who all work 16 hours.
Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £130,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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