Launderette plus Dry Cleaning Agency in Hornsey For Sale

Situated in a parade, excellent main road trading position, residential and commercial area, HORNSEY, LONDON, N8

Turnover £ 1,650
Price £140,000

Features

Coin Operated Launderette & Dry Cleaning Agency Plus Tailoring

FREE LOCAL PARKING

DOUBLE FRONTED PREMISES with ELECTRIC SHUTTERS in the region of 560ft². Tiled floor, tube lighting. Sales Counter, touch screen till, clothing rails.

5 16lb Ipso washing machines
2 25lb Ipso washing machines
1 30lb Iipso washing machine
4 large tumble driers
Additional extra large capacity dryers

Tailoring section - sewing machine, hemming machine, overlocking machine

Fitting room

Rear section - Ironing work station, finishing table, roller for pressing.

Cloakroom with toilet and sink

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,500 p.w. - £1,800 p.w.

Staff

The business is at present operated by the vendor on an ad hoc basis. 1 full time staff employed. We are informed the wage bill averages £500 p.w. approx.

Trading Hours

7 Day week
MONDAY - SUNDAY 9am - 6pm

Accommodation

Entrance to the Flat above the shop via separate side entrance;

4 bedrooms
Large living/dining room
2 shower rooms (each with shower, toilet and sink)
Kitchen and utility room

We are advised, the market value to rent a similar flat in the area is a minimum of £3,000 - £3,450 p.c.m.

Outside

Garden

Free local parking

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease froma private landlord, granted for 20 years in 2019 with reviews every 5 years (next review 2029) at a current rent of £32,000 p.a.

Business Rates from April 2024/2025 £1,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £140,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 70,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote