Well Established Launderette in Caterham For Sale

Situated end of parade, busy road, residential area SURREY CATERHAM

Turnover £ 1,500
Price £44,000

Features

Well Established Launderette Plus Delivery Service

SINGLE FRONTED PREMISES. 1-35lb UniMat front loading washing machine, 2 25lb Ipso front loading washing machines , 4 16lb Ipso front loading washing machines, 6 JLA D330 gas tumble dryers, boiler, Italian ironing board with iron.

Staff w.c. & wash hand basin plus shower unit

Turnover

WE ARE INFORM the turnover averages £1,500 p.w. in our opinion offering further potential to increase in the right hands. The turnover includes service washes plus ironing of shirts/delivery service.

Staff

1 full time staff employed for service washing & drying plus shirt ironing. Wages paid £390 p.w. + 20% commission on ironing delivery only (i.e. £470 p.w. approx).

Trading Hours

Monday - Saturday inclusive - 8.30 a.m. - 6 p.m.
NO SUNDAY TRADING

Tenure

We understand the premises are held on a secure renewable lease having 10 years unexpired from the 30th September, 2019 at a rental of £12,500 p.a. exclusive of rates up to September, 2023 with rent review at that time and thereafter every 4 years.

Uniform Business Rates: Nil payable after small business relief

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £44,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 22,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote