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Reference M4896

Launderette in South London For Sale

Launderette in South London For Sale
Launderette in South London For Sale Buy a Launderette in South London For Sale Sell a Launderette in South London For Sale Launderette in South London For Sale for Sale

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

Turnover 1,200
Price 55,000

Features

Well Established Fully Equipped Launderette

The business has been in the same hands for the past 36 years & there are genuine reasons for sale.

Electric shutters to DOUBLE FRONTED PREMISES with tiled floor. The equipment includes 5-16lb Electrolux front loading washing machines, 3-25lb Electrolux front loading washing machines, 1-35lb Electrolux front loading washing machine, 6 gas tumble dryers, 1 spinner. Central paypoint machine (for payment of charges for all washing machines & dryers).

Office
Boiler room with boiler
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover currerntly averages 1,200 p.w. in our opinion offering further potential to increase in the right hands. We are informed the sales year ending 2017 showed 40,397 with a gross profit of 28,084 (before wages of 7,445).

Charges
16lb wash 5
25lb wash 6
35lb wash 7
Tumble dryers charged at 1 every 10 minutes

Additional charges for service washes are 1.50 for 16lb wash whilst a 25lb & 35lb wash is charged an extra 2.00

Staff

At present operated by the owners & no staff are employed.

Trading Hours

7.30 a.m. - 6.30 p.m. (last wash) seven days per week

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 16 years full repairing and insuring lease at a rental of 12,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years.

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

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 36 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 55,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 27,500 (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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