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Retail premises for sale

£30,000

Carshalton SM5, UK

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Property description

Ref 5863 – Leasehold Launderette
Blacks Brokers are proud to bring to the market this leasehold launderette located in the much sought-after area of Carshalton, Greater London, .


Introduction


Chysab Launderette has been trading from The Market, Wrythe Lane since 2004 when our client set up the business. The launderette offers both service washes, duvet cleans and ironing services. During it’s impressive trading history, the business has gained a large, repeat customer base and an excellent reputation.


Location


Situated on a busy main road in a popular area of Sutton, the business benefits from plenty of local trade. The area is a mix of both residential and commercial properties and there is parking directly outside along with additional parking on local side roads.


Reason for sale


Chysab Launderette is only being offered for sale due to retirement.


Lease


The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease has 7 years remaining (as of September 2017) and runs at a cost of £12,400 per annum.


Building layout and design


Chysab Launderette occupies the ground floor of a large, mid-terraced unit with fully glazed, double frontage and is well branded with clear signage displayed. Inside, there are six washing machines on the right-hand side and five dryers to left side and seating for customers to use. The private office is positioned to the rear of the shop with commercial clothes ironing machine. Further space behind the office is large enough to accommodate twice as many machines if desired, or could also be ideal for introducing an additional dry cleaning business. A gated rear yard that is large enough to park car is enclosed to the rear of the premises.This business is well presented throughout, with good fixtures, fittings and equipment in place.


Staff


Chysab Launderette is currently operating with only our client in full time employment – additional staff would be of benefit and allow for additional workloads to be accepted.


Financial details


Financial details are available upon a viewing of the business and Chysab Launderette has traded solidly over its trading history. The business generates an annual turnover of £41,600 with gross profits to be announced. There are zero rates payable.


Summary


This leasehold business is long-established and very well placed for much repeat trade. There is plenty of scope to develop the business further and there are even more income opportunities through the introduction of dry cleaning facilities – and the shop has space to accommodate this. An online and social media presence could also be of benefit. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Business: £30,000.

Please quote ref: 5863

Property info

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Very good - 81% (172 ratings)

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Nearby transport

  • Sutton Common (0.6 miles)
  • St Helier (London) (0.7 miles)
  • Morden South (1.1 miles)
  • London Heathrow Airport (13.5 miles)
  • London City Airport (13.5 miles)
  • London Gatwick Airport (16.2 miles)
  • Kingston Town End Pier (5.4 miles)
  • Wandsworth Riverside Quarter Pier (5.5 miles)
  • Kingston Turks Pier (5.5 miles)

Nearby schools

View all schools in Sutton
  • Malmesbury Primary School (0.3 miles)
  • Tweeddale Primary School (0.4 miles)
  • Abbey Primary School (0.4 miles)
  • Carshalton College (1.3 miles)
  • Sutton College of Learning for Adults (1.5 miles)
  • RISE Education (1.9 miles)
  • Greenshaw High School (0.5 miles)
  • Glenthorne High School (0.6 miles)
  • Carshalton Boys Sports College (0.7 miles)
Note: Distances are straight line measurements

Local info for Sutton

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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