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Long Established Dry Cleaners - Harrow For Sale

Harrow, London, UK
Asking Price:
£44,995 Furniture / Fixtures included
Turnover:
£49,929
Net Profit:
Available on request

Loyal Customer Base
Prominent Residential Location
Accounts Available Year End 31st March 2020
Annual Turnover £49,929
Gross Profit £45,102
Accounts Available After Viewing
Very Spacious Premises
Fantastic Online Reviews
EPC - TBC

Blacks Brokers are pleased to bring to the market this leasehold dry cleaning business located in Harrow.

Introduction

Moonrock Dry Cleaners has been trading on Pinner Road since 2017, there has been a dry cleaning business operating out of this property since the late 1980s. Our client purchased the business in 2017. The business is a fast, friendly and fully functional professional dry cleaning and laundry business. It is well renowned throughout the Harrow area. The company’s ethos is that customer satisfaction is the number one priority therefore the business has an enviable reputation throughout the local area.

Location

Situated on Pinner Road the business benefits from a heavy footfall in this busy location. The business is located within a small local parade of shops with a Tesco Express next door and a local Asian grocery market close by therefore the location attracts a heavy footfall making this an idea location. The location has excellent transport links supported by multiple bus routes and only five minutes from North Harrow Tube Station.

Reason for sale

This opportunity has become available due to our client’s family circumstances and therefore the business has been placed on the market at this appealing price point.

Lease

The building is available on a twenty year FRI ( Full Repair and Insuring ) lease that commenced in 2017. The rental figure of £327 per week and rent reviews every four years the lease is good value for such a busy location.

Building layout and design

The lease on the building covers the ground floor only. The business has an impressive double frontage with striking signage and a large paved are to the front of the building.

Once inside the flooring is fully tiles with a work storage and preparation area to the rear of the building behind the main counter.

The property is fully alarmed and is 100% commercial use.

Staff

The owner is supported by a family member so as such there are no transferrable staff with the purchase.

Financial details

Currently the business is trading steadily over its long trading heritage. The accounts year end 31st March 2020 show that the business has an annual turnover of £49,929 with a gross profit of £45,102. Full financial info can be made available after viewing.

Business rates

The business currently benefits from Small Business Rates Relief.

Summary

This is a well respected family run high class dry cleaning business with a long trading heritage.

Our client has built an enviable reputation that enjoys plentiful local trade and also attracts high levels of repeat business and referrals. The business has an online presence through its website, ownership to be transferred upon completion.

There is a demand to offer a laundry service and this is something that a new owner could introduce to increase turnover and profitability. With limited competition and an enviable reputation we do anticipate a speedy completion for this well respected business.

Early viewings are advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Sat: 09:30 - 17:00
Sun: Closed

Contact Blacks Business Brokers

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