Wet Cleaning and Launderette in North London For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, NW LONDON

Turnover £ 900
Price £85,000

Features

Well Fitted Wet Cleaning & Launderette

6 DAYS OPENING

OUTSTANDING OPPORTUNITY TO ACQUIRE A SUPERIOR WET CLEANING UNIT, SELF SERVICE COIN-OP LAUNDERETTE, AND ALTERATION/LETTING SPACE IN THIS SOUGHT AFTER LOCATION

DOUBLE FRONTED PREMISES in the region of 750 ft² with motorised roller shutter for front door and shutter door separating the cleaning area from public access. Vinyl floor, suspended ceiling with LED lights, reception counter, counter shelves, customer soft seat. CCTV (4 cameras), a 230cm x 198cm Alteration/phone/computer repairs/ cloth sales space with separate door. Fully equipped with the latest wet cleaning equipment, SIDI Steam cabinet, large chamber self-service coin-op launderette, and new installed megaflow system boiler comprising:-

Wet cleaning - Electrolux lagoon w5180h (wet cleaning) machine, Electrolux lagoon gas dryer t5350, EDS6 peristaltic pumps (6 pumps), Electrolux tumble dryer t5550, Girbau Ems 617 washer 17/1kg, Hawo bagging machine, Pony formplus with steam iron, Pony GE25 18kw boiler, Pony jolly spotting table, 1 Pony FVS central steam ironing tables, BWT WS355 water softener, blowdown stack (for boiler), existing stocks and consumables 1 lot, Clarke Shhh 50/24 air compressor, 300l megaflow system boiler, 1x SIDI Steam Cabinet.
Coin-op launderette - 1xCW20 washer, 1xCW30 washer, 1x 98 Washer/Dryer Stack, 1 Primus Stacked Dryer

Stockroom / Store room

Staff toilet with w.c. and wash hand basin

Fire extinguishers & smoke alarm

Turnover

WE ARE INFORMED by the owner the turnover currently averages £900 p.w, with high confidence to increase subject to activation of self service and alteration space.

Staff

The business is at present operated by owner and part time staff

Trading Hours

6 Day week
MONDAY - SATURDAY 9.30am - 6pm

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 10 years in 2017 with reviews every 5 years at a current rent of £15,200 p.a.

Business Rates from April 2021 £1,680 approx. (Please contact local authority to confirm)

THE BUSINESS HAS UNDERGONE A RECENT UPGRADE INCLUDING AN EXPANSION TO INTRODUCE A COIN-OP LAUNDERETTE AND DEDICATED SECURE SPACE FOR ALTERATION OR OTHER SMALL BUSINESS AS ADDITIONAL SOURCE OF REVENUE

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote