Coin Operated Launderette in Cornwall For Sale

Occupying a corner position, main road trading position, residential, office and commercial area, CORNWALL.

Price £100,000

Features

Launderette offering Service Washes and An Ironing Service

The business has been in the same hands for 44 years

Customers load & unload from street outside frontage

6 DAYS OPENING

TRIPLE FRONTED PREMISES - Carpet flooring, tube lighting. Counter, office. The equipment includes:

6 16lb Electrolux washing machines
2 32lb Electrolux washing machines
8 30lb dryers (2 owned - 6 on lease)

The machines are on leasing agreements at a cost £670 per calender month for full maintenance, service and use of the machines.

Spencer Dry Cleaning machine (not used), spotting table.

Carpet shampoo machine

Storage area

Staff toilet with sink and wash hand basin

Turnover

WE UNDERSTAND the vendor enjoys a lucrative turnover, full details will be discussed upon inspection. With the cost of living crisis resulting in customers seeking the cost benefits associated with the economies of scale a launderette can provide.

Charges
£4.35 for small machines
£8.95 for larger machines
Dryers £1 for 10 minutes

Staff

The business is at present operated under management with 3 part time staff.
We are informed the wage bill averages £200 p.w. approx.

Trading Hours

6 Day week
Monday - Saturday - 8.30 a.m - 5.30 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a new 6 years from March, 2021 at a rent of £10,000 p.a. next review in March, 2023, increasing to £12,500 p.a. for the remainder of the term.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS IS SOLELY OFFERED FOR SALE DUE TO VENDOR WISHING TO RETIRE

Price

OFFERS INVITED TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS in excess of £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote