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Reference M5689
Situated in a parade, excellent main road trading position, residential and commercial area, NORTH LONDON
Turnover £ 1,750
Price
£145,000
Features
Coin Operated Launderette & Dry Cleaning Agency Plus Tailoring
FREE LOCAL PARKING
DOUBLE FRONTED PREMISES with ELECTRIC SHUTTERS in the region of 560ft². Tiled floor, tube lighting. Sales Counter, touch screent till, clothing rails.
5 16lb Ipso washing machines
2 25lb Ipso washing machines
1 30lb Iipso washing machine
5 large tumble driers
Additional extra large capacity dryers
Tailoring section - sewing machine, hemming machine, overlocking machine
Fitting room
Rear section - Ironing work station, finishing table, roller for pressing.
Cloakroom with toilet and sink
Turnover
WE ARE INFORMED by the owner the turnover currently averages £1,500 p.w. - £2,000 p.w.
Staff
The business is at present operated by the vendor on an ad hoc basis. 1 full time staff employed. We are informed the wage bill averages £500 p.w. approx.
Trading Hours
7 Day week
MONDAY - SUNDAY 9am - 6pm
Accommodation
THE SELF CONTAINED ACCOMMODATION entrance via door to the right of the shop to spacious flat above comprising;
2 Kitchens
Dining room / Living Room.
4 Bedrooms
2 Shower rooms, each with shower, toilet and sink.
We are advised, the market value to rent a similar flat in the area is a minimum of £3,000 p.c.m.
Outside
Garden
Free local parking
Tenure
WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease froma private landlord, granted for 20 years in 2019 with reviews every 5 years (next review 2029) at a current rent of £32,000 p.a.
Business Rates from April 2024/2025 £1,000 approx. (Please contact local authority to confirm)
THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019
Price
TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £145,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
Finance
Subject to status, you maybe able to borrow up to £ 72,500 (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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