Launderette plus receiving shop in North London For Sale

Situated in a parade, excellent main road trading position, NORTH LONDON

Price £125,000

Features

Well Established Launderette with Receiving Dry Cleaners and Tailors

6 DAYS OPENING

DOUBLE FRONTED PREMISES, in the region of 550 ft², tiled floor, suspended ceiling with tube lighting.

Customer waiting area, sales counter.

3 IPSO 16lbs washing machines

6 IPSO 25lbs washing machines

1 IPSO 35lmb machine

10 Load Star Tumble dryers.

Spinner.


Tailoring section with Juki sewing machine, Winsewserger machine and Janome overlocking / hemming machine.

Self boiler pressing machine.

Staff cloakroom with toilet and wash hand basin.

Kitchenette - Cupboard, sink, fridge, microwave, kettle.

Bolier room / store cupboard.

Stairs to basement, in the region of 280 ft², used for storage.

Turnover

We are advised by the vendor the business enjoyed a lucrative turnover which, we understand, the vendor is happy to discuss on inspection.

No deliveries or collections are undertaken.

Staff

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

Trading Hours

6 Day week
MONDAY - SATURDAY 8am - 6.30pm
SUNDAYS CLOSED
There is scope and demand to open longer hours.


The business is closed on all bank holidays, 2 weeks in the summer and 2 weeks at Christmas

Outside

Yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2018 with reviews every 5 years (next review 2028) at a current rent of £23,000 p.a.

Business Rates from April 2024 £2,600 approx. after small business relief. (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, FIXTURES & FITTINGS £125,000
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote