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Reference M5102

Launderette and Dry Cleaning agency in North London For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, residential area LONDON

Turnover 700
Price 40,000

Features

Fully Equipped Launderette Plus Dry Cleaning Receiving Agency

DOUBLE FRONTED PREMISES approximately 5m wide by a depth in the region of 20m with tiled floor. The equipment includes 4 Electrolux W75 front loading washing machines, 1 Samsung front loading washing machine, 2 Hisense W75 front loading washing machines, 1 Triprimux front loading washing machine, 4 large tumble dryers, boiler, sewing machine, overlocking machine.

Charges
For the Samsung & Hisense washing machines 6.00 per wash whilstthe Electrolux & Triprimux washing machine is charged at the rate of 8.00 per wash
The tumble dryers are charged at 50p every 5 minutes

We understand the service washes are charged at between 15 & 25 per wash including the charge of the machine

Turnover

WE ARE INFORMED the turnover is in the region of 700/1,000 p.w. including service washes.

Staff

The business is at present operated by the vendor with the assistance of 1 part time staff.

Trading Hours

Monday - Saturday inclusive - 8 a.m. - 6.30 p.m.
Sunday opening - 10 a.m. - 5 p.m.

Tenure

We understand the present tenant is renewing the lease for a period of 20 years from December, 2020 at a rental of 18,000 p.a. exclusive of rates for the first 5 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: Nil payable at present after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS 40,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 20,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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