Completed sale
Total Laundry Cleaning Business Acquisition by Selsey Laundrette
“I highly recommend Knightsbridge if you are looking to sell your business.” Total Laundry Limited is a Chichester-based professional laundry service, initially formed in 2009 – a company which Sarah Lancaster has owned and directed since 2013. It specialises in flat linens such as bedding, towels and tablecloths, as well as all types of hospitality linen, domestic linens, and specialist garment cleaning such as suits and wedding gowns. Jennifer Morley, Knightsbridge Deal Executive, set out to showcase the company’s strong points to potential buyers, with the end goal of facilitating Sarah’s well-earned retirement: “Total Laundry provides a comprehensive laundry service to households and businesses, boasting an excellent reputation and an extensive asset register of key laundry equipment.” Very strong interest was generated, and the Knightsbridge team worked hard to bring three offers to the table. Following a competitive bidding process, a deal was struck with Selsey Laundrette Limited. “We greatly exceeded Sarah’s expectations with the fee we achieved. Total Laundry’s sale was also completed in just five months from going live on the market.” Also based in Chichester, Selsey acquired Total Laundry to serve as a bolt-on. Trading as The Little Laundrette, the company offers full laundry services, including self service and ironing. Following a successful deal, and with good relationships built between all parties, Sarah described Knightsbridge as having provided an “excellent service” in a five-star review: “They found a buyer quickly and supported us throughout the process. Jen Morley was superb and went the extra mile. I highly recommend Knightsbridge if you are looking to sell your business. “They are professional and efficient, as was Eleanor Smith, the solicitor at Alston Asquith – the law firm they use. Fees were fair and transparent.”