Old Established Launderette in East London For Sale

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

Turnover £ 500
Price £65,000

Features

Old Established Launderette

DOUBLE FRONTED LAUNDERETTE in the region of 750 ft² WITH SHUTTERS, tiled floor, fluorescent lighting, CCTV system (4 cameras, 1 monitor)

8 WASHING MACHINCE
8 TUMBLE DRYERS (new July 2025).

Front Office.
Large Staff room to rear.
Small rear Office.
Shower room with shower, w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £500 p.w.

Staff

The business is at present operated by 1 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 8am - 7pm

Outside

Parking at rear' for 1 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (council) granted for 20 years in 2013 with reviews every 4 years (next review 2029) at a current rent of £8,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £65,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote