This well-established dry cleaners and laundry business has been successfully operating under the current ownership for over 20 years. Located in a busy shopping parade in Worthing, the business enjoys an excellent reputation and strong repeat trade from both domestic and commercial clients. The business offers a comprehensive laundry, ironing, and dry cleaning service, including a collection and delivery option that provides convenience to its customers.
It caters to a wide range of clients, including local residents and various commercial clients such as Airbnb’s, Spa & Salons in the surrounding areas. Situated in a busy parade of shops, the location is surrounded by residential properties, ensuring a steady flow of local customers. The business benefits from high visibility and easy access, making it a popular choice for nearby residents and businesses alike. The solid reputation for quality service ensures continuous demand, while long-term relationships with commercial clients contribute to stable revenue. This provides a great foundation for new ownership. The current owner is selling due to relocation, making this an excellent opportunity for a new or an existing business looking to expand. This business offers a turnkey operation with an established client base, ideal location, and strong local presence, providing a solid platform for growth.
THE PREMISES: The business occupies a double fronted unit on a busy parade of shops in Worthing, and comes to the market in excellent condition. On entering the dry cleaners, you walk into the reception area with a fitted serve over counter which includes an EPOS. To the rear of the premises is a Firbimatic dry cleaning machine, an air compressor, a water softener, two Firbimatic ironing tables, one semi commercial washing and one 10kg domestic washing machine. There are also 3 semi-professional tumble dryers located to the rear of the premises. To the rear of the premises is also the staff toilet with wash hand basin. Access to the premises one parking space is from the very rear of the building. There is ample parking available to the front of the building for customers. The building is also fitted with CCTV and an alarm system. Please note the sale includes the ground floor and rear parking space only.
LEASE TERMS: The premises will be held on a new 12 year FRI lease at a commencing rental of £12,500 per annum. With upward only rent reviews every 4 years. The landlord will require a rent deposit of a minimum of 3 months.
TURNOVER: At present the vendor works full time in the business, with the assistance of one full time and one part time staff member. The business trades between 9am-3pm Monday, Tuesday, Thursday and Friday, then 9am – 1pm on Saturday. Accounts are available upon request to any bona fide purchaser. At present 60% of turnover is domestic trade with 40% consisting of commercials clients. The vendors are happy to offer a handover/training period as part of the sale. All fixture and fittings are included in the sale. The vendors currently have several commercial contracts with Airbnb’s, Spa & Salons in the surrounding areas. however there would be enormous scope to increase turnover by expanding this side of the business.
RATES: We have been verbally informed that the business receives the benefit of the Small Business Rate Relief and the amount payable at the present time is zero. The rateable value for the property is £6,500 per annum. Prospective occupiers should make their own enquiries to verify same.
GENERAL REMARKS: Solid repeat commercial and domestic customer base. This business was personally inspected by the vendor sole selling agents. Offering a full range of services. A wealth of valuable fixture and fittings. Early Inspections Advised.
PRICE: We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings (including the website and client list) £35,000 SAV
LEGAL FEES: Each party to be responsible for their own legal costs.
VIEWING: On no account should any approach be made to the Manager or the staff without a prior appointment through the vendor’s agents, Watkins Commercial, Telephone: 01273 709090.
ENERGY PERFORMANCE CERTIFICATE: Our client has been informed an EPC should be made available for this property.
DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement.
The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase.
VAT: All prices and rents are quoted exclusive of VAT. Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
MORTGAGE & FINANCIAL PLANNING: We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business you may be considering subject to status.
Prop. Ref: 6816M
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract.
APPLICANTS CONFIDENTIALITY AGREEMENT
I understand and agree that any information regarding any business supplied to by Watkins Commercial will be kept strictly confidential. I also undertake that I will:
i) View businesses registered with Watkins Commercial by appointment only.
ii) Not contact any owner, staff, suppliers, competitors or customers of any business registered with Watkins Commercial
iii) Not pass on any information supplied by Watkins Commercial to any third party other than a professional advisor etc. Bank, solicitor, surveyor accountant, etc.
iv) Submit any offers direct to Watkins Commercial with whom I will conduct all negotiations
v) Be liable for any commission which would have been due to Watkins Commercial should I be party to negotiations or actions which seek to preclude, or are contrary to the interest of Watkins Commercial
