Launderette and Dry Cleaning agency in North London For Sale

Situated in a parade, excellent trading position, LONDON, NW

Turnover £ 600
Price £20,000

Features

Fully Equipped Launderette Plus Dry Cleaning Agency

SPACIOUS LAUNDERETTE. The equipment includes 10 washing machines, 6 tumble dryers, 1 central paypoint, 1 Drystream computer till, 1 Brother industrial sewing machine, 1 Pony ironing table, 1 soap dispenser etc.

Turnover

WE ARE INFORMED the turnover averages £500/£600 p.w. in our opinion offering further potential to increase in the right hands.

Staff

At present staff operated.

Trading Hours

Launderette - 7 a.m. - 10 p.m. seven days per week

Tenure

We understand the premises are held on a secure renewable lease the present lease expiring in August, 2023 at a current rental of £13,000 p.a. exclusive of rates up to 15th August, 2018. We are advised the Landlord has requested a new rent of £20,000 pa which the Vendor is negotiating.
We are further advised that the rent reviews are every 5 years.

** N.B. The Purchaser is to be responsible for the Landlord's costs **

Uniform Business Rates: £3,470 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £20,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT