Lake Laundry Services Ltd

LOCATION
Lake Laundry Services is located at Spithead Business Centre which is situated on the A3056 to the east of the Island.

The site is a mixed office and light industrial/storage development located in a good trading location in Lake. Aldi is adjacent with Morrisons, KFC & Marstons opposite.

The development provides easy access to neighbouring towns of Shanklin and Sandown with Newport and Ryde being within a short drive.

DESCRIPTION
Lake Laundry Services is an established, fully-equipped laundry service with a strong client base which has been successfully operated by the current owners since 2019.

Providing high quality commercial and domestic serviced washes, the owners offer a frequent collection and delivery service. There is also the opportunity for customers to hire tableware for events and functions.

An online barcode system is currently utilised to follow and update the progress of each job. This ensures speed and efficiency throughout and has proved very successful.

All of the current equipment is included in the sale, consisting mainly of: 4 x 10kg washers, 2 x 16kg washers, 3 x 25kg washers, 2 x 15kg dryers, 2 x 20kg dryers, 1 x 40kg dryer.

There is also a substantial 2 x 800m flatwork ironer used in conjunction with a Weir folder stacker, as well as a 800mm Girbau return feed ironer.

A full inventory can be provided to bona fide applicants upon request.

TERMS
Our clients are asking guide price £275,000 for the fixtures, fittings and goodwill of the business.

The unit is held on a 15 year lease from 2019 at a current rent of £19,920 pa + VAT plus estate insurance and service charge which will be transferable to the new business owner.

OUTGOINGS
The VOA shows a rateable value of £20,500. Estimated rates payable will be circa £11,300 without any applicable relief. Please direct all enquiries to the Valuation Office Agency.

VIEWING
All viewings to be arranged strictly via HRD Commercial. Please contact Lisa Mercer or Charlie Dickson on or .