Sold

Dry Cleaners In Fantastic Location

Southwark, London

£17,000 +SAV

Ref: B04708

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Description

Hilton Smythe welcomes to the market Rosendale Dry Cleaners

A well established business which has been trading for over 30 years and due to this, has has built up a very loyal customer base and is always gaining new customers due to recommendations and its fantastic location.

Rosendale Dry Cleaners services include:

• Designer outfits
• Curtains
• Shirt service
• Alterations
• Repairs

The vendor has owned and managed Rosendale Dry Cleaners for over 30 years and is now looking to sell this very established business due to retirement.

Reasons to Buy

• A well-established business with an enviable reputation and many existing customers
• Prime trading position in a busy and vibrant parade of shops
• Ideal owner managed or partnership

Scope to Improve

• Advertising and marketing campaign
• Create website
• Expand services to include hotels and schools
• A loyalty scheme
• Maximise the use of social media

Hilton Smythe highly advise early viewing as this business is likely to attract considerable interest.

Tenure

Leasehold

We are advised that Rosendale Dry Cleaners is being offered a Leasehold business with 9 years remaining from a 10 years Lease.

The advised rent is £7,540 per annum which is very reasonable given the size and location of the premises.

Advised the business is currently exempt from paying rates.

Hours

Monday: 7:30 am - 6:30 pm
Tuesday 7:30 am - 6:30 pm
Wednesday: 7:30 am - 1:30 pm
Thursday: 7:30 am - 6:30 pm
Friday: 7:30 am - 6:30 pm
Sunday: Closed

Staff

The business is run and managed solely by the owner

Financial Profile

Rosendale Dry Cleaners, generated an advised turnover of £39,737 per annum with a gross profit of £37,083 and net profit of £21,073
Assets = £10,000

Location

Rosendale Dry Cleaners is located along Rosendale Road in the affluent area of Dulwich and is ideally and prominently situated along a parade of shops with other complementary businesses such as a cafe and a newsagents.

Dulwich is an area of south London. The settlement is mostly in the London Borough of Southwark, with parts in the London Borough of Lambeth and consists of Dulwich Village, East Dulwich, West Dulwich and the Southwark half of Herne Hill.

Rosendale Dry Cleaners is ideally located between three train stations, Tulse Hill which is 0.7 miles away, North Dulwich which is 1 mile away and West Dulwich which is 0.8 miles away.

There is also convenient free 30 minute parking for customers to use directly outside the business.

Premises

Rosendale Dry Cleaners, is located on the ground floor of a 2 storey semi detached property and briefly comprises;

Full length windows and glazed doors to front creating a light airy and inviting interior.

As you enter the premises you are greeted with counter which houses the till system, to the rear of the counter is the dry cleaning machine and behind here is an area with a spotting table and press.

Equipment:

• Shutters
• Till system
• Pony press
• Renzacci 19025 dry cleaning machine
• Railings
• Spotting table
• Wrapping station

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