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Reference M4744

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 Situated in a parade, densely populated residential area, NOTTINGHAM

Turnover 1,500
Price 50,000 / 250,000

Features

Profitable Launderette

SINGLE FRONTED LAUNDERETTE. Fully equipped including 2-40lb Electrolux front loading washing machines, 2-18lb Electrolux front loading washing machines, 6-15lb front loading Electrolux washing machines, 10-30lb gas tumble dryers etc.

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

Turnover

WE ARE INFORMED the turnover averages 1,500/1,600 p.w. in our opinion offering further potential to increase in the right hands.

Staff

The business is at present staff operated. 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. - 8 p.m. seven days per week
(Please note service washes are available from 10.30 a.m. - 5.30 p.m. Monday - Saturday inclusive)

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy & provides a rental income of 396 per month, however we understand that vacant possession can be given on completion if required. The accommodation comprises:

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

Outside

Yard at rear

Tenure

The vendor owns the freehold and are prepared to grant, subject to satisfactory references, a new 15/20 years full repairing and insuring lease at a rental of 13,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: 2,500 p.a. approx.

THE LAUNDERETTE HAS BEEN IN THE SAME HANDS SINCE 1991 AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 50,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 250,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 25,000 (lease) 175,000 (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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