Well Equipped Launderette Plus Dry Cleaning Agency & Snack Bar (Light Catering I.E. Sandwiches, Teas, Coffees, Soft Drinks Etc). For Sale

Business description

Electric shutters to spacious Launderette with ceramic tiled floor, fluorescent lighting. The Launderette is well equipped including 2 Ipso 30lb front loading washing machines, 1-35lb Ipso front loading washing machine, 1-40lb Ipso front loading washing machine (please note that these 4 machines we understand were installed new approx. 4 months ago). 6-16lb Ipso front loading washing machines (we understand these machines are between 4/5 years old). 5 gas tumble dryers.

Large rear room with boiler plus non-electric water softener

It will be appreciated upon inspection that there is potential to install a Dry Cleaning Machine on the premises, if desired.

SNACK BAR
The Snack Bar which has double doors from the front plus internal excess to the Launderette is also well equipped to a high standard. Tiled floor, the equipment includes cool display serveover counter with refrigerated storage section, electronic cash register, 2 group coffee machine, coffee grinder, microwave oven, wash hand basin. In addition, there is a soft ice cream machine included in the sale.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease from a private landlord having approx. 8 years unexpired at a rental of £10,000 p.a. exclusive of rates for the next 3 years, with rent to be agreed thereafter. (We understand that the rent was not increased at the last rent review).

Uniform Business Rates: £1,400 p.a. approx. (after small business relief)

OUTSTANDING OPPORTUNITY TO ACQUIRE A WELL EQUIPPED LAUNDERETTE COMBINED WITH AN ADJOINING SNACK BAR, WHICH IN OUR OPINION BOTH HAVE TREMENDOUS POTENTIAL FOR FURTHER INCREASE IN THE RIGHT HANDS.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

REDUCED FOR EARLY SALE

Location:

Situated in a small parade, busy road, densely populated residential area, MIDDLESEX

Other information

Expansion potential:

WE ARE INFORMED the turnover in respect of the Launderette plus Dry Cleaning Agency averages £800 p.w. It should be noted that no service washes are undertaken and in our opinion the Launderette offers tremendous potential for further increase, especially with the introduciton of service washes. (We understand the turnover in respect of the Dry Cleaning Agency averages in the region of £100 p.w). We are further advised that the Snack Bar has recently been closed due to family reasons, however, in our opinion offers tremendous potential for further development in the right hands.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £52,500 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Launderette
8.30 a.m. - 7 p.m. seven days per week

Snack Bar
8.30 a.m. - 6 p.m. seven days per week

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.