Commercial Laundry in Merton Abbey For Sale

Situated on an Industrial Estate, SW LONDON MERTON ABBEY

Turnover £ 17,500
Price £450,000

Features

Spacious Fully Equipped Commercial Laundry

Car parking for approximately 16 cars

SPACIOUS GROUND FLOOR PREMISES in the region of 5,000/6,000 sq. ft. with concrete floor & fully equipped including 4 large Calendar ironing machines, 4 industrial washing machines, 3 industrial tumble dryers, 2 jacket pressers, steam boiler, air compressor.

3 sign written vans

Stairs to first floor
Staff rest area plus offices
Ladies' & gentlemen's cloakrooms

Turnover

WE ARE INFORMED the turnover currently averages £17,500 p.w. in our opinion offering further potential to increase in the right hands. We are advised that sales 11 month period 31st August, 2023 showed £1,030,831. Net profit £138,424.

Staff

A total of 18 staff are employed including 3 drivers for deliveries

Trading Hours

The business is operated on a 5 day week basis
Monday - Friday inclusive - 8 a.m. - 6 p.m.
CLOSED SATURDAY & SUNDAY

Tenure

We understand the landlord, subject to satisfactory references, will grant a new 15 years full repairing and insuring lease at a rental in the region of £84,000 p.a. exclusive of rates for the first 5 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £27,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

OFFERS INVITED TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £450,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 225,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote