Newly Fitted Commercial Laundry in Middlesex For Sale

Situated in a small parade, excellent trading position, residential, office and commercial area, Middx.

Turnover £ 8,300
Price £500,000

Features

Newly Fitted To A High Standard Commercial Laundry

LOTS OF FREE PARKING
NEWLY FITTED 2025 DUE TO FIRE (equipment cost £123,500)

DOUBLE FRONTED PREMISES in the region of 840 ft² WITH ELECTRIC SHUTTERS, vinyl floor, fluorescent lighting, sales counter, Girbal 3.2-meter iron roller, 3 x Allance FX24 washer, Giral 18k washer, warrick dryer 30kg, warrick dryer 30kg full control, 2x prmus dryer 30kg, New Rhinni commercial boiler, water talk 5000 litter.

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

Staff Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,300 p.w. All via Business-2-Business contracts.

Staff

The business is at present operated by the Husband, Wife & Son team with 3 full time staff & 1 driver

Trading Hours

7 Day week
MONDAY - SUNDAY 7am - 7pm

Outside

Shared Parking to rear

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2016 with reviews every 5 years (next review 2026) at a current rent of £16,000 p.a. + VAT

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at a proposed starting rent of £20,000 + VAT (negotiable).

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2005, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £500,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 250,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote