Launderette plus Dry Cleaners and Tailors in South London For Sale

Situated in a Parade, excellent trading position, residential, office and commercial area, SW London

Turnover £ 2,500
Price £79,500

Features

Long Established Launderette, Dry Cleaners, Alterations & Repairs

SINGLE FRONTED PREMISES in the region of 750 ft², WITH ELECTRIC SHUTTERS, Solid flooring, Tube lighting.

Sales counter, cash drawer, 1 dry cleaning machine (UNION), sewing machine.

5 Tumble Dryers (HUEBSCH)
12 Washing Machines (IPSO)

Store cupboard.

Electric hanging railing (CLASSIC CONVEYOR - W.M. CLSSELL), 1 electric press (FORENTA), 1 press (COCHIN), 1 spinner (BROADBENT), Electric Boiler (UV GOLD) 2 years old, 1 compressor (TIGER TURBO) 6 months old, 1 Water Tank (BALMORAL ABERDEEN), etc

Cloakroom with wash hand basin and w.c.

Fridge, kettle, cupboard and sink.

Stairs to basement in the region of 420 ft² - used for storage.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,500 p.w. plus contracts- Launderette: £1,200 - Drycleaning: £1,100 - Repairs: £200

IN ADDITION Service Wash (AirBnb) Contracts: £600-2000 (depending)

Staff

The business is at present operated by the vendor with 1 full time staff employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 9am - 5pm

HUGE LOCAL DEMAND FOR LONGER HOURS

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2015 with reviews every 3 years (next review 2027) at a current rent of £18,000 p.a.

Business Rates from April 2023 £1,900 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2012, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

THE BUSINESS IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RETIREMENT.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £79,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 39,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote