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Reference M4724

Launderette and Dry Cleaning Receiving in North London For Sale

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

Turnover 1,500
Price 45,000

Features

Well Established Launderette Plus Dry Cleaning Receiving Agency

SINGLE FRONTED PREMISES with tiled floor, suspended ceiling, fluorescent lighting. The equipment includes 1-25lb front loading washing machine, 1-16lb front loading washing machine, 5-8lb front loading washing machines, 6 gas tumble dryers. There are an additional 4 washing machines, not working at present & the present owner feels they need replacing. 1 ironing board with steam boiler, 1 ironing table, boiler, water tank.

Staff w.c.
Kitchenette
Basement

Turnover

WE ARE INFORMED the turnover is in the region of 1,500 p.w. in our opinion offering further potential to develop in the right hands. (Included in the turnover we understand is approximately 300 p.w. in respect of the dry cleaning agency).

Charges
25lb wash 5.00
16lb wash 4.00
8lb wash 3.50

Service wash charges
8lb wash 10.00
16lb wash 12.00
26lb wash 15.00

The service wash includes tumble drying

Staff

At present operated by the vendor with the assistance of 1 full time staff

Trading Hours

8 a.m. - 7.30 p.m. seven days per week

Tenure

We understand the premises are held on a secure renewable lease, the present lease having 10 years unexpired from October, 2017 at a rental of 21,500 p.a. exclusive of rates up to October, 2022 with rent review at that time and thereafter after the following 5 years.

Uniform Business Rates: 8,940 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 10 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, FIXTURES & FITTINGS 45,000
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 22,500 (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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