For Sale
Dry Cleaning & Shoe Repairs Shop For Sale
Great Dunmow, Essex
- Asking Price: £119,995 +SAV
-
Turnover:
We are advised as per the 2023 accounts, the business generated a turnover in the region of £130,000. Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07785
CoGoGo are delighted to bring to the market Dunmow Retail Limited & Morgan's Shoe Repairs Ltd T/A Morgan's Dry Cleaning, the first and only Dry Cleaners in Dunmow.
The business was originally established over 35 years ago, with our clients taking over in 2015. As seen by the online ratings and reviews, the business is extremely popular in the community.
It has now come to the open market due to our clients desire to move onto other business ventures.
Morgan's Dry Cleaning & Shoe Repairs is a family-run, independent and well-established business that has been serving the Great Dunmow and surrounding villages. Their professional dry cleaners treat every item as if it were their own, from those everyday items like casual wear, shirts, dresses and suits to those cherished items such as wedding dress.
Services offered include -
- Collection and Delivery
- Press-Only Service
- Shoe Repairs
- Repairs and Alterations
- Household Items
- Laundry Service
- Well established
- High footfall location
- Scope for expansion
- Excellent reputation
- Commercial contracts in place
- Handover period offered
We are advised that the business is run and managed by our client on a full time basis, with the help of 4 staff members who all work 16 hours.
The current trading hours are -
Monday to Friday - 8:30am - 5:00pm
Saturday - 9:00am - 1:00pm
Sunday - Closed
Dunmow Retail Limited & Morgan's Shoe Repairs Ltd is located on Market Place, in the town of Great Dunmow, Essex.
Due to its location, it receives high levels of footfall.
Tenure
We are advised that this business is being sold on a Leasehold basis, currently on a 10 year lease. The rent is £12,000 per annum.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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