Launderette in South London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, SW London

Price £65,000

Features

Co-operated Launderette - Recently Reopened (040225)

WAS CLOSED SOLELY DUE TO THE OWNERS ILL HEALTH

DOUBLE FRONTED PREMISES in the region of 935 ft² WITH ELECTRIC SHUTTERS, lino floor, suspended ceiling with fluorescent lighting, desk

1 large washing machine
3 working out of 4 medium washing machines
3 working out of 5 small washing machines
5 working out of 6 tumble dryers
1 working out of 2 spin dryers

Staff Toilet with w.c. and wash hand basin.
Kitchen

Basement in the region of 350 ft² for utilities & storage.

Turnover

The business was closed in March 2023 due to Ill health and recently reopened, the sales historically were £500 - £750 p.w.

Staff

Operated by a husband and wife team.

Trading Hours

MONDAY TO SUNDAY 10 a.m. - 5 p.m.

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £24,000 p.a.

Business Rates from April 2024 £2,750 pa approx after small business relief. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2004, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, FIXTURES & FITTINGS £65,000
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote