House For Sale £80,000
Reference - 47782
Description
Well established traditional dry cleaners situated within a prime SW4 London post codes on a parade location close to the main town centre. The shop benefits from heavy footfall from both the adjacent shops and the densely populated residential area which is popular with high net worth individuals plus London commuters.
The business was purchased by our clients in 2004 and since that time it has gained an excellent reputation for customer service and reliability although still offers genuine growth potential for any new owner as currently no delivery or collection service is offered and due to the size of the service area, commercial contracts could be gained by working with the many restaurants that are close by.
Along with the dry cleaning and laundry service, we have been advised that all alterations are carried out on site by the experienced staff. Whilst our client has owned the business since 2004 we are lead to believe that the business was originally established in the early 1980’s and is only being offered for sale due to retirement.
Accounts
We have been advised that income is approx. £130k - £140k per annum.
Trading Hours
Monday to Saturday 08:00 - 19:00
Sunday 10:00 - 17:00
Staff
Owner run on a daily basis along with four part time staff. We have been advised that the owner works mainly from 11am to 4pm Monday to Friday.
Building External
The business operates from the ground floor of a four storey, mid terraced period property situated on a parade location amongst independent operates and national chains such as Tesco Express. The business also benefits from highly visible roadside signage.
Building Internal
Light and airy customer reception with Epos till system. Ample storage and hanging rails both within the customer reception and to the rear service area. The basement is currently used for storage.
Included within the sale price: Three pressing tables, poly bagger, spot table, Union dry cleaning machine (perc), Firbimatic dry cleaning machine (hydro carbon) one commercial dryer, one commercial washing machine and one blowing cabinet.
Residential Accommodation
There is a four bedroom flat above the shop which is arranged over two floors and benefits from a bathroom and kitchen. The apartment is currently tenanted to a long term tenant who has resided here for 5 years.
Tenure
We are advised that the property is held on a 16 year lease which commenced in 2008. Rent reviews are every 4 years and the rent is currently £61,000 per annum.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
Summary
An ideal opportunity for an existing owner or hands on family to build upon the reputation gained under the current ownership. A viewing is highly recommended to fully appreciate the prime SW4 location and overall business opportunity which still offers tremendous growth for any new operator.
Description
Well established traditional dry cleaners situated within a prime SW4 London post codes on a parade location close to the main town centre. The shop benefits from heavy footfall from both the adjacent shops and the densely populated residential area which is popular with high net worth individuals plus London commuters.
The business was purchased by our clients in 2004 and since that time it has gained an excellent reputation for customer service and reliability although still offers genuine growth potential for any new owner as currently no delivery or collection service is offered and due to the size of the service area, commercial contracts could be gained by working with the many restaurants that are close by.
Along with the dry cleaning and laundry service, we have been advised that all alterations are carried out on site by the experienced staff. Whilst our client has owned the business since 2004 we are lead to believe that the business was originally established in the early 1980’s and is only being offered for sale due to retirement.
Accounts
We have been advised that income is approx. £130k - £140k per annum.
Trading Hours
Monday to Saturday 08:00 - 19:00
Sunday 10:00 - 17:00
Staff
Owner run on a daily basis along with four part time staff. We have been advised that the owner works mainly from 11am to 4pm Monday to Friday.
Building External
The business operates from the ground floor of a four storey, mid terraced period property situated on a parade location amongst independent operates and national chains such as Tesco Express. The business also benefits from highly visible roadside signage.
Building Internal
Light and airy customer reception with Epos till system. Ample storage and hanging rails both within the customer reception and to the rear service area. The basement is currently used for storage.
Included within the sale price: Three pressing tables, poly bagger, spot table, Union dry cleaning machine (perc), Firbimatic dry cleaning machine (hydro carbon) one commercial dryer, one commercial washing machine and one blowing cabinet.
Residential Accommodation
There is a four bedroom flat above the shop which is arranged over two floors and benefits from a bathroom and kitchen. The apartment is currently tenanted to a long term tenant who has resided here for 5 years.
Tenure
We are advised that the property is held on a 16 year lease which commenced in 2008. Rent reviews are every 4 years and the rent is currently £61,000 per annum.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
Summary
An ideal opportunity for an existing owner or hands on family to build upon the reputation gained under the current ownership. A viewing is highly recommended to fully appreciate the prime SW4 location and overall business opportunity which still offers tremendous growth for any new operator.
