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Opportunity awaits with this established dry cleaning business in the heart of London. Situated in a bustling residential area, this business has flourished for over 50 years and boasts a prime location with considerable potential for growth. With an underground station set to open nearby, foot traffic will likely increase, making it a timely investment for the right buyer.
The current owner has operated the business for 16 years and now seeks to sell due to health reasons. Despite this, the business has shown a steady increase in turnover, currently standing at £65,000, with an annual rent of £19,000. The leasehold price is set at £50,000, making this an appealing investment opportunity.
In terms of setup, the business includes an inventory of high-end industrial washing and drying equipment, along with professional garment cleaning machinery and ironing services equipment. The premises also feature essential kitchen and restroom facilities for staff, ensuring a comfortable working environment. The shop boasts a prominent display for customers and a welcoming reception area that adds to the overall customer experience.
Additional Features
This well-established business has a number of advantages that make it particularly attractive to prospective buyers. Its owner-managed structure offers flexibility, and the presence of only one part-time tailor keeps operational costs low. Though it currently lacks an online presence, there are numerous opportunities for growth, including the introduction of delivery services, expanded operational hours, and online sales. This could significantly enhance customer reach and revenue.
With a strong brand reputation and an organic customer base, this dry cleaners is well-regarded in the community, reflected in its positive reviews and following. The current owner is willing to provide training for the new owners, facilitating a smooth transition and allowing for immediate engagement with the business’s loyal clientele.
Why Invest in This Business
This dry cleaning operation represents a proven track record of success, backed by a long-standing industry presence in a prime retail environment. With low competition in the area and significant opportunities for growth, this is a rare chance to invest in a flourishing business. Prospective buyers will not only acquire a reputable establishment but also have the potential to enhance its offerings and revenue streams through creative innovation and strategic marketing.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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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