Launderette & Dry Cleaning Services in St Albans For Sale

Situated in a parade, residential area, HERTFORDSHIRE ST ALBANS

Turnover £ 1,100
Price £52,500

Features

Spacious well Equipped Launderette Plus Dry Cleaning Receiving Shop

NO PARKING RESTRICTIONS PROVIDING AMPLE PARKING FOR CUSTOMERS

SPACIOUS PREMISES in the region of 735 ft². Well equipped including 5-14lb front loading washing machines, 2-35lb front loading washing machines, 2-40lb front loading washing machines, 5 gas 30lb tumble dryers, 1-75lb gas tumble dryer.

Turnover

WE ARE INFORMED the turnover in respect of the Launderette is in the region of £1,100 p.w. in our opinion offering tremendous potential for further development in the right hands.

Staff

At present operated by the vendor's wife

Trading Hours

Monday & Tuesday - 9 a.m. - 5 p.m.
CLOSED WEDNESDAY
Thursday, Friday & Saturday - 9 a.m. - 5 p.m.
CLOSED SUNDAY
No collection or delivery undertaken

It will be appreciated upon inspection that there is potential for additional opening hours & to further exploit service washes

Outside

Yard at rear (not used)

Tenure

We understand the premises are held on a secure renewable lease from a private landlord, granted for 5 years in 2022, 3 yearly reviews at a rent of £13,250 p.a.

The Vendor has stated the Landlord is happy to grant new 10 year lease with 5 year reviews and starting rent £15,200 subject to references.

Uniform Business Rates: Nil payable at present (Please contact local authority to confirm)

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £52,500 subject to contract
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 26,250 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote