Coin Opperated Launderette & Dry Cleaning Agency in North London For Sale

Situated in a parade, excellent main road trading position, residential and commercial area, NORTH LONDON

Turnover £ 1,650
Price £175,000

Features

Coin Operated Launderette & Dry Cleaning Agency Plus Tailoring

FREE LOCAL PARKING

DOUBLE FRONTED PREMISES with ELECTRIC SHUTTERS in the region of 506 ft². Tiled floor, tube lighting. Sales Counter, touch screent till, clothing rails.

5 16lb Ipso washing machines
2 25lb Ipso washing machines
1 30lb Iipso washing machine
5 large tumble driers
Additional extra large capacity dryers

Tailoring section - sewing machine, hemming machine, overlocking machine

Fitting room

Rear section - Ironing work station, finishing table, roller for pressing.

Cloakroom with toilet and sink

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,650 p.w.

Staff

The business is at present operated by the vendor on an ad hoc basis. 1 full time staff employed. We are informed the wage bill averages £500 p.w. approx.

Trading Hours

7 Day week
MONDAY - SUNDAY 9am - 6pm

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the right of the shop to maisonette above at present let on annual agreements providing a rental income at the present time of £45,000 p.a.

Outside

Large garden

2 Parking spaces & free local parking

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease froma private landlord, granted for 20 years in 2020 with reviews every 5 years (next review 2025) at a current rent of £25,000 p.a. (As will be appreciated with the current rental income of £45,000 p.a. from the accommodation, there is a profit rental at the present time of £20,000 p.a).

Business Rates from April 2022 £700 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 87,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote