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LAUNDERETTE YARDLEY. BIRMINGHAM

Price:
Leasehold - £30,000
Freehold - £209,000
Turnover:
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Seller Ref:
Q25427K
Location:

West Midlands , Birmingham

Business Type:

Service Businesses

See Other:
Launderettes for sale in West Midlands
Service businesses for sale in West Midlands
Description:
THE BUSINESS:

Well-Established Launderette Business in Yardley. Birmingham

Busy Main Road Location
Taking Around £550 per week
Plus Additional Income
Includes Living Accommodation with 4 Bedrooms
Freehold Price £209.000
Leasehold Price £30.000


Description and Trade:
A well-established Launderette situated on a very busy main road with lots of passing trade. The Business offers serviced washes. self-serve washes. and has cleaning contracts for factories and butchers shops.
Additional income is earned from money transfer facility. garment repairs and from being a collector shop for dry cleaning (we understand that this facility will still be available to a new owner).

Premises:
The Business is situated in a parade of shops and comprises on the
Ground Floor: Launderette (29? 3? x 14? 6?) with suspended ceiling. Rear Living Room/Ironing Room; Kitchen/Dining Room; w.c. & Utility Room
On the First Floor: Living Room; Two Double Bedrooms; Bathroom.
On the Upper Floor: Two Double Bedrooms.
There is a rear Yard with Tank Room.
The living accommodation is centrally heated and double glazed.
The Launderette is fully equipped with 6 washers. 5 dryers. serving counter and other ancillary equipment for the trade.
It is understood that the equipment is being purchased under a hire purchase agreement. for which a new owner will be expected to continue payments.

Comments:
This is an attractive business with good family living accommodation.

Our Client Informs Us That:

Takings and Profitability:
Launderette takings are around £550 per week. plus around £100 per month from garment repairs. £100 per month from dry cleaning collections and £100 per month from MoneyGram money transfer service.
The split of takings is around 60% self-serve wash and 40% serviced wash.

Trading Hours:
Monday to Friday: 8.30am 7.00pm
Saturday: 9.00am 6.00pm
Sunday: 10.00am 5.00pm

Staff:
The Business is operated by family members with the help of just one part-time assistant.

Tenure and Price:
£209.000
for the Freehold Property. Business. Fixtures. Fittings and Equipment.
Or Leasehold £30.000 for a new 10-year lease. commencing rent payable £15.000 per annum with 3-yearly review dates.

Accommodation:
Yes
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