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Reference M4743

Launderette in Nottinghamshire For Sale

Launderette in Nottinghamshire For Sale
Launderette in Nottinghamshire For Sale Buy a Launderette in Nottinghamshire For Sale Sell a Launderette in Nottinghamshire For Sale Launderette in Nottinghamshire For Sale for Sale Launderette in Nottinghamshire For Sale for Sale

Register to see map and to make an appointment End of parade, busy road, residential area, NOTTINGHAM

Turnover 2,500
Price 80,000 / 450,000

Features

Well Established Launderette

SINGLE FRONTED LAUNDERETTE approximately 5m wide x 12m depth. Fully equipped including 3-45lb Electrolux front loading washing machines, 6-18lb Electrolux front loading washing machines, 2-50lb tumble dryers, 6-30lb tumble dryers.

Rear section used for service washes with 2 front loading washing machines & 2-30lb tumble dryers

Staff cloakroom with w.c. & wash hand basin
Kitchen area

Turnover

WE ARE INFORMED the turnover averages 2,500 p.w. in our opinion offering further potential to increase in the right hands.

Staff

The business is at present staff operated with 4 staff employed.
It will be appreciated upon inspection that with an active husband & wife team the wage bill could be reduced.

Trading Hours

8.30 a.m. - 9 p.m. seven days per week
(Service washes are available from 9 a.m. - 6 p.m. seven days per week)

Accommodation

The accommodation in the form of 2 FLATS, comprises:

Flat No. 1. At present let on a shorthold tenancy & providing a rental income of 350 per month. The FLAT with NIGHT STORAGE HEATERS, comprises:

1 Double Bedroom
Bathroom with bath, shower over bath, w.c. & wash hand basin
Lounge
Kitchen

Flat No. 2. Also let on a shorthold tenancy & providing a rental income of 465 per month. Again with NIGHT STORAGE HEATERS, comprises:

2 Double Bedrooms
Bathroom with bath, shower over bath, w.c. & wash hand basin
Lounge
Kitchen

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant, a new 15/20 years full repairing and insuring lease in respect of the shop with 2 flats over at a rental of 30,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. (Alternatively the vendor is also prepared to grant, subject to satisfactory references, a new 15/20 years full repairing and insuring lease in respect of the launderette only (excluding the 2 flats over) at a rental of 20,000 p.a. exclusive of rates for the forst 3 years with rent review at that time and thereafter every 3 years).

THE LAUNDERETTE HAS BEEN IN THE SAME HANDS SINCE 1987 AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 80,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in excess of 450,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 40,000 (lease) 315,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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