Ironing and Laundry Shop in West Sussex For Sale

Occupying a corner position, busy road, residential area, West Sussex.

Turnover £ 1,800
Price £60,000 / £135,000

Features

Well Established Ironing & Laundry Shop with Collection and Delivery Service

6 DAYS OPENING

SINGLE FRONTED PREMISES iro 300 sq ft, carpeted floor, suspended ceiling with skylights and uplighters.

Sales counter with customer waiting area. Electric cash register.

Clothing rails (fixed and mobile.)

2 x 10 kg washing machines
3 x 10 kg tumble dryers.

3 Ironing stations with irons and boards.

Clockroom with toilet and wash hand basin.

Kitchen - Cupboard, with sink.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,800 p.w.

We are advised sales year ending 31 August 2023 showed turnover of £87,102.40 Gross Profit (after wages) £48,045.73

Staff

The business is at present operated by the staff ( 1 full time and 2 part time staff employed.)

We are informed the wage bill averages £800p.w. approx.

Trading Hours

6 Day week

MONDAY - FRIDAY 8 am - 5.30 pm
SATURDAY 9 am - 1 pm

Outside

Dedicated parking space and ample customer parking.

Tenure

The vendor owns the long leasehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE LEASE for 9 years with reviews every 3 years at an initial rent of £9,000 p.a.

In addition we understand there is a service charge of £900 p.a. approx.

The vendor owns the long leasehold, granted December 1989 for 125 years at zero ground rent.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1991 AND OFFERED FOR SALE SOLELY DUE TO THE VENDOR'S OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

OR TO INCLUDE THE VALUABLE LONG LEASEHOLD (ZERO GROUND RENT) PROPERTY, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 30,000 (lease) £ 94,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote