Long-Established Dry Cleaners Cleaned to Perfection in New Cross, City of London
City of London, London
- Status
FOR SALE
- Advert ID
645292
- Reference
B09382 / Rightbiz
- Call Agent:
- Leasehold: £49,999
- Turnover: £65,000 (£1,250 per week)
- Profit: £19,000 (30% Profit margin)
Business Details
Cleaned to Perfection – Long Established Dry Cleaners in New Cross
BusinessPlease quote reference B09782
CoGoGo proudly presents to the market a long-established dry cleaning business located in the popular area of New Cross, South East London.
This reputable operation has been owned by the current proprietor since 2009 and benefits from an overall trading history of approximately 50 years, giving it strong brand recognition and loyal repeat custom.
The business focuses on traditional dry cleaning services and is known locally for reliability and quality workmanship. It is ideally suited to an owner-operator or a buyer looking for a straightforward, proven business with consistent income and manageable running costs.
The sale is prompted purely by health reasons, presenting a genuine opportunity for a new owner to take over a stable concern with further potential to expand services or increase marketing.
Early viewing is highly recommended with CoGoGo.
Location
The business is situated in New Cross, a well-populated and vibrant area of South East London. The location benefits from steady footfall, surrounding residential housing, and proximity to local amenities and transport links.
Premises
The premises are well-presented and fully equipped for dry cleaning operations. Occupying a practical commercial unit, the property supports efficient day-to-day trading and requires no immediate capital expenditure.
Tenure
Leasehold. We are advised that the rent is approximately £19,000 per annum, and a new lease is to be assigned to the incoming purchaser. The business benefits from no business rates payable.
Hours
The current trading hours are:
Monday to Saturday: 8:00 am to 7:00 pm
Sunday: Closed
Staff
The business is currently run by the owner with the support of one staff member.
Financial Profile
We are advised that the business generates an annual turnover of approximately £65,000, achieving a net profit in the region of £19,000 per annum.
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Listing Statistics
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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.
Be safe, use a Rightbiz Solicitor
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