Profitable Launderette Plus Dry Cleaners For Sale

Business description

Outstanding opportunity to acquire a profitable Launderette & Dry Cleaners occupying an excellent main road trading position approx. 5 minutes walk from Edgware Underground Station plus Bus Station.

SPACIOUS SINGLE FRONTED PREMISES, tiled floor, suspended ceiling. Counter, central payment point. 5 Ipso 16lb front loading washing machines, 2 Ipso 25lb front loading washing machines, 1 Ipso 35lb front loading washing machine, 5 ADC gas tumble dryers, large boiler (approx. 1 year old), JLA Aquatex Dry Cleaning Machine, 1 Silc presser with boiler, spotting table, Silc shirt ironer, large Aquatex Duvet Dryer. Key cutting machine, water softener etc.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 13 years unexpired at a rental of £26,000 p.a. exclusive of rates for the next 3 years, with rent review at that time and thereafter every 5years. (As will be appreciated with the rental income currently in respect of the 2 flats in the region of £29,280 there is a profit rental at the present time of £3,280 p.a).

RECOMMENDED FOR EARLY INSPECTION

Living accommodation:

The accommodation in the form of a 2 FLATS over, are at present let and provide a current total rental income of £2,440 per month. Spacious First Floor Flat at present let on a shorthold tenancy and providing a rental income of £1,200 per month, with

Location:

Situated in a parade, excellent trading position, MIDDLESEX

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £3,000 p.w. (We understand the split of turnover is approx. £1,300/£1,500 p.w. in respect of the launderette with the balance being in respect of dry cleaning. At present the dry cleaning section is used as a receiving shop, but as will be appreciated the dry cleaning equipmet is there and therefore the dry cleaning could be undertaken on the premises, if desired.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £220,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Friday inclusive - 8 a.m. - 8 p.m.
Saturday & Sunday - 9 a.m. - 7 p.m.

Financing available:

SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.