Well Established Launderette Near West Sussex Surrey Border For Sale

Business description

Long established with on-street parking and further nearby parking in a busy town close Surrey border/M25. Well supported, easily run, owner only working Saturdays. Secure lease, rent £14,400pa. Low overheads and good turnover, with scope to easily increase, if desired. 7 x dryers and 10 x Ipso washing machines (up to 40lb). Current owner of 8 years, now selling due to ill health/retirement and distance from home.

Property information

Property:

Leasehold

Lease terms:

We understand that the premises are held on a secure renewable lease with approximately 12 years remaining on the existing term, with rent reviews every five years, and a current rent of £14,400pa.

Leasehold rent:

£14,400 per annum

Location:

The business is located in a good trading position in a sought after West Sussex town which is close to the M25 and border with Surrey. It occupies a good position in the town and is close to both national and local retailers, the town's cinema and public car parks.

The town itself is a prosperous market town with a growing population since it attracts a large number of industrial firms thanks to its excellent transport links. Gatwick airport is within easy reach from where the motorway network may be accessed via the M23 and the town has frequent direct rail services to London.

This long established launderette is one of only two laundrettes in the town and the only one with parking available outside and therefore attracts not only local people, but those travelling in from surrounding areas and villages.

Premises details:

The lock-up premises are in a popular parade of local shops, with on-street parking to the front and nearby streets, in a mainly residential area. Outside it has a large main display window, sign written fascia name board and side entrance door.

Inside the laundrette has a suspended ceiling and practical flooring and the premises are fully and comprehensively fitted and equipped with;

7 X Loadstar Dryers
10 X Ipso Washing Machines including 1 x 25lb, 1 x 30lb and 2 x 40lb machines, one of which is the latest fast speed machine.

We also understand that a new cylinder and large capacity boiler were fitted recently, and the launderette also has a fitted water softener, soap vending machine and CCTV system. There are certificates for the electrical equipment and we are informed they are well maintained and serviced.

The WC is shared with four shops, restricted by a key, and the shop has its own private parking space included.

Business Operation

Expansion potential:

could introduce collections and deliveries and contract work with hotels and restaurants

Reasons for selling:

ill health

Trading hours:

a self-serve basis from 7.00am-8.00pm - 7 days a week, with a service counter operated by part-time help from 8.30am-2.00pm Mon-Fridays.

Employees:

a self-serve basis from 7.00am-8.00pm - 7 days a week, with a service counter operated by part-time help from 8.30am-2.00pm Mon-Fridays. The owner works in the business on Saturdays only.