Established London Dry Cleaners and Shoe Repair Business for Sale - Owner Retiring
Bow, London
- Status
FOR SALE
- Date Submitted:
24/04/24
- Advert ID
610346
- Leasehold: £110,000
- Rent: £30,996
- Turnover: £112,800 (£2,169 Per week)
- Net Profit: On request
Key Features
- Accounts Available
- Established Business
- Prime Location
- Retirement Sale
- Fully Fitted
Business Details
Dry Cleaners for Sale in London...Retirement Sale
This well-established dry cleaning, shoe repair, and alteration service, that has been thriving for over 30 years, is now up for sale due to the owner's retirement. The business is situated in a prime location in the heart of Bow, London. The asking price for the leasehold is £110,000, with a current annual turnover of £112,800, but offers close to the asking price will be considered. All stocks will be included in the price.
The potential for more revenue growth exists, particularly through expansion of services to include online offerings and delivery options. Presently, the business generates weekly takings of around £2000. This represents a significant area of opportunity for the new owner to increase earnings.
Moreover, the premises also feature a one-bedroom accommodation upstairs, which currently attracts a rental income of £14,00 per annum. This space has the potential to be refurbished and could subsequently be leased for over £1700. The total rent obtained is £30,000 a year.
Included in the purchase are all the necessary equipment for running the business, such as a dry-cleaning machine, Hoffman press, gas boiler, etc. Everything depicted in the photos will be part of the transaction. As a well-established and fully fitted business, in a prime location, with accounts available for review, it represents an attractive investment opportunity.
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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.
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