Ironing and Laundry Shop in West Sussex For Sale

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

Turnover £ 1,800
Price 126,000

Features

Ironing & Laundry Shop with Collection and Delivery Service, Established, By The Seller, In 1991 and offered For Sale Due To The Vendor's Retirement

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 completely staff run (1 full time and 2 part time staff employed.)

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

The staff are efficient and reliable, serving a loyal customer base.

Trading Hours

6 Day week

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

The business has further potential to increase with loacal demand for longer hours and additional services.

Outside

Dedicated parking space and ample customer parking.

Tenure

The vendor owns the long leasehold, granted December 1989 for 125 years at zero ground rent, i.e. 90 years unexpired at zero rent.

We understand there is a service charge of £900 p.a. approx.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1991 (34 YEARS) AND OFFERED FOR SALE SOLELY DUE TO THE VENDOR'S RETIREMENT.

Price

TO INCLUDE THE VALUABLE LONG LEASEHOLD (ZERO GROUND RENT) PROPERTY, GOODWILL, FIXTURES & FITTINGS £126,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 88,200 (long lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote