Dry Cleaners and Laundry in Epping For Sale

Occupying a corner position, excellent main road trading position, residential and commercial area, ESSEX EPPING

Turnover £ 3,500
Price £164,000

Features

Dry Cleaners, Laundry & Ironing Service

CUSTOMER PARKING TO FRONT OF PREMISES

5 DAYS OPENING

CORNER PREMISES in the region of 615 ft². Bespoke awning. Alarm. Composite wood flooring, suspended ceiling with LED lighting. Customer waiting area, counter, computerised till.

New 2024 Union XP8015 15 kilo dry cleaning machine, Hoffman press, 2 ironing tables with independent boiler, spotting table, 2 poly machines (garment wrapping), sewing machine, large 18kg duvet washer, 28kg large dryer, 9kg Samsung washing machine, 14kg Samsung washing machine, 2 tumble dryers, compressor

Kitchen, fridge microwave, hot water heater

Staff cloakroom with toile and sink

Exit to yard

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w.

Staff

The business is at present operated by a husband & wife team with the assistance of 3 part time staff (1 ironer & 2 pressers.).
We are informed the wage bill averages £750 p.w. approx.

Trading Hours

5 Day week
MONDAY, TUESDAY, THURSDAY, FRIDAY & SATURDAY 9 a.m - 5 p.m
CLOSED WEDNESDAY AND SUNDAY

Outside

Yard with parking to rear for 1 year

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 12 years in 2018 with reviews every 3 years (next review 2024) at a current rent of £20,300 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1991

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £164,000 o.n.o. plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 82,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote