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Reference M4595

Launderette in Peckham For Sale

Launderette in Peckham For Sale
Buy a Launderette in Peckham For Sale Sell a Launderette in Peckham For Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, SE LONDON PECKHAM

Turnover 1,100
Price 85,000

Features

Spacious Fully Equipped Launderette

SPACIOUS SHOP in the region of 1,000 sq. ft. with tiled floor. 6-20lb Ipso front loading washing machines, 3-30lb Ipso front loading washing machines, 3 gas tumble dryers (we understand the vendor very shortly will be replacing the 3 gas tumble dryers with 3 new machines), 1 new boiler.

Turnover

WE ARE INFORMED the turnover is 1,100 p.w. including service washes.

Charges - 20lb wash 5.00 30lb wash 7.00 plus charge for service wash

Tumble Dryers charge 1.00 for every 10 minutes

Staff

At present mainly staff operated. 3 part time staff employed.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Sunday - Thursday inclusive - 9 a.m. - 7 p.m.
Friday & Saturday - 9 a.m. - 7.30 p.m.

Tenure

We understand the premises are held on a secure renewable lease the present lease having 11 years unexpired from January, 2017 at a current rental of 13,000 p.a. exclusive of rates. We understand the rent is currently under review and we are further advised that the rent reviews are every 3 years.

Uniform Business Rates: 300 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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