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Retail Property (high street) for sale

Wandsworth Bridge Road, Fulham, London, SW6

Guide Price £75,000

Property Description

Commercial information

  • Business for sale

Key features

  • Well established and popular dry cleaners, excellent London location
  • Advised annual turnover 110,000
  • Good quality fixtures, fittings and machinery
  • Viewing highly recommended

Full description

Tenure: Leasehold

DESCRIPTION
Fulham Valeting is located on the main road of an extremely affluent suburb of South West London between Chelsea and Putney. The shop is located in one of the best trading parts of the Wandsworth Bridge Road in Fulham and is within easy reach of Fulham Broadway (District line) underground station, as well as several bus routes, servicing Clapham Junction, Chelsea Harbour and Earls Court.

The business is situated amongst other independent retailers which include up market restaurants, newsagents, convenience stores such as Sainsbury's Local and cafes such as Starbucks and Joe's Brasserie, all of which are on the same parade.

The immediate surrounding area is a densely populated residential area with heavy footfall throughout the day and the business benefits from a large number of professional customers with the core trade being suits, shirts and coats.

The shop also provides a shirt service, laundry service, shoe repairs, a suede and leather service as well as an onsite seamstress and changing room.

Alterations and repairs are also carried out on site although suede and leather are sent away to specialists in the locality.

Please be aware that the business is a receiver shop and therefore there is no dry cleaning done on the premises.

The business has been owned by our client since around 2000 and has built up a good reputation locally, benefiting from a loyal and regular customer base, which generates sales in the region of 2,400 a week. In our opinion, given the location and client base, the opening hours could be extended during the week to accommodate the many commuters within the local area.

This is a wonderful opportunity for an existing operator to expand a portfolio and to take full advantage of the excellent location and loyal customer base, which has been built up over the many years it has served the local area.

WEEKLY SALES
Advised annual turnover 110,000.

ACCOUNTS
Current records and accounts can be inspected after viewing.

TRADING HOURS
Monday to Friday 08:00 - 19:00
Saturday 09:00 - 18:00
Sunday Closed

STAFF
Currently run under management due to our clients other business interests.

PROPERTY
Operating from the ground floor of a highly visible corner plot property, with frontage onto both the Wandsworth Bridge Road and Ashcombe Street, situated on a busy South West London road.

TRADING AREAS
The business has a light and airy feel with a bright customer service area and comes with a full complement of equipment including, bagging machine, sewing machine, blind hemmer, overlock machine and ironing table. The equipment has been well maintained and is presented in a good condition.

RESIDENTIAL ACCOMMODATION
There is no residential accommodation for owners or management available.

TENURE
We are advised that the property is held on an original 15 year lease with a current rent of 18,000 per annum (payable 4,500 quarterly). Rent reviews are at 5 yearly intervals. A new 15 year lease is available at 18,000 per annum.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

SUMMARY
An excellent opportunity to acquire a well established and well used dry cleaners on a busy main road, which benefits from a loyal and regular customer base. The business would ideally suit an owner operator to maximise profits, as well as being a welcome addition to a business looking to expand.

A viewing is highly recommended to fully appreciate the business opportunity and location in general.

More information from this agent

Energy Performance Certificates (EPCs)

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