Old Established Launderette For Sale

Business description

SPACIOUS DOUBLE FRONTED PREMISES with tiled floor. The equipment includes 4-16lb Ipso front loading washing machines, 1-40lb Ipso front loading washing machine, 2 Electrolux MP160 washing machines, 3 W124 Electrolux washing machines, 5 ADG30 and 1 ADG50 gas tumble dryers, 1 spinner, twin boiler iron.

Staff cloakroom with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 7 years unexpired at a rental of £14,500 p.a. exclusive of rates for the next 2 years, with rent to be agreed thereafter.

Uniform Business Rates: £6,500 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, excellent main road trading position, residential area, NORTH LONDON

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £1,500 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £105,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

8.30 a.m. - 8 p.m. seven days per week, however service washes are only undertaken for 5 days per week 8.30 a.m. - 6 p.m. No service washes on Thursday or Sundays

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.