Search more Dry Cleaners for sale in Edgware
Reference M4850

Launderette and Receiving Dry Cleaners in Edgware For Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, MIDDLESEX EDGWARE

Turnover 2,500
Price 175,000

Features

Profitable Launderette Plus Receiving Dry Cleaners

Outstanding opportunity to acquire a profitable Launderette & Dry Cleaners occupying an excellent main road trading position approx. 5 minutes walk from Edgware Underground Station plus Bus Station.

SPACIOUS SINGLE FRONTED PREMISES with tiled floor, suspended ceiling. Counter, central payment point. 5 Ipso 16lb front loading washing machines, 2 Ipso 25lb front loading washing machines, 1 40lb JLA front loading washing machine, 5 ADC gas tumble dryers, large boiler, spotting table, 2 industrial ironing tables with irons, large Aquatex duvet dryer, key cutting machine, water softener etc.

Turnover

WE ARE INFORMED the turnover averages 2,500 p.w. (including approximately 700 p.w. in respect of the launderette with the balance of 1,800 p.w. in respect of shirt ironing service plus receiving dry cleaning).

Staff

At present operated by a husband & wife team with the assistance of 1 full time & 1 part time staff.

Trading Hours

Monday - Friday inclusive - 8 a.m. - 8 p.m.
Saturday & Sunday - 9 a.m. - 7 p.m.

Accommodation

The accommodation in the form of a 2 FLATS over, are at present let & provide a current total rental income of 3,000 per month.

Spacious First Floor Flat at present let on 5 shorthold tenancies room by room & providing a rental income of 1,500 per month. The FLAT with FULL GAS FIRED CENTRAL HEATING comprises:

3 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Large Lounge
Fully fitted Kitchen

Second Floor Flat, at present let on a shorthold tenancy & providing a rental income also of 1,500 per month with FULL GAS FIRED CENTRAL HEATING, comprises:

Large Studio Bedroom/Lounge
1 Double Bedroom
1 Single Bedroom
Shower room with shower, w.c. & wash hand basin

Outside

Yard at rear with parking for 2 cars

Tenure

We understand the premises are held on a secure renewable lease having approximately 4 years unexpired at a rental of 42,000 p.a. exclusive of rates. We understand the lease is renewable for a further 15 years at a rental of 44,000 p.a. exclusive of rates for the first 5 years with rent review at that time and thereafter every 5 years. (As will be appreciated with the rental income currently in respect of the 2 flats at present producing 36,000 p.a. the net rental payable at the present time is only 6,000 p.a. exclusive of rates).

Uniform Business Rates: 12,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE 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

Search more Dry Cleaners for sale in Edgware

Buy a Launderette and Receiving Dry Cleaners in Edgware For Sale on NationwideBusinesses.co.uk