Busy Launderette, Business for sale, York Ref: C 569

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Description

We are pleased to offer this busy and profitable launderette which enjoys an excellent location within the city centre of York in an area of high density housing. This business for sale has been established for many years and is comprehensively fitted out with mostly relatively new machines. There is an easily accessible boiler / tank room to the side and the unit also benefits from having its own car parking space adjacent. Businesses for sale of this nature are quite rare so don't miss this !!

Price

£39,750

Details

ACCOMMODATION

All sizes have been taken from the Valuation Office rating Website.

Launderette

41 sq.m having 2 Maytag commercial washers, 4 IPSO 16 washers, 2 IPSO 25 washers, 5 Speed Queen dryers, 2 free standing spinners, desk and cash register.

Tank Room

15.6 sq.m having 2 linked gas boilers, hot and cold water tanks.

Wc

with wash basin

RATES

The RV is £5100. rates payable 2007/2008 are £2279.80 however this can be reduced by almost 50% on application to the Council under the small business rate relief scheme.

LEASE

We understand that the premises are held on a 21 year lease from 1/ 9 /90 from City of York Council at a rent of £5900 pa on internal repairing and insuring terms. We have not yet had sight of the lease so this requires confirmation.

BUSINESS

Accounts for Year Ending 31/12/ 06 show sales of £43,758 and we calculate that the adjusted net profit after excluding depreciation and various 'one off' costs is around £11,500. The owner runs the business with 3 part time staff but if the business was run by a 2 person team, then wage costs could be considerably reduced thus boosting profits.

Viewing

By arrangement with The Agents on 01904 794812.

Important

Where staff are employed in a business, it is possible that they are unaware of any impending sale, therefore it is essential that all viewings are arranged through us and no direct approaches should be made under any circumstances.

Vat

All prices and rents are deemed to be exclusive of any VAT which may  apply.

Note

Details and general information provided within these particulars have been confirmed by The Client, are given in good faith and are believed to be correct, however all proposed purchasers/tenants must satisfy themselves as to the correctness of the information provided.  We understand that all services and items of equipment are in functional order, but no warranties can be given in this respect.