Industry sector:

Car valeter: Rent

It may be that you decide to run a mobile valeting business from home and you don't need any separate business premises. Perhaps you'll be travelling around the country providing premium services like paint detailing to wealthy clients. If you do need premises though, enter in your cash flow forecast the amount of rent you will have to pay in the months when you will have to pay it.

If you have not yet decided on a particular premises you could contact a local estate agent who handles commercial property to get an idea of how much the rent is likely to be. You should have already given some consideration to the type and location of the business premises that you will require, so they will be able to give you some guidance as to how much you will have to pay.

Your premises probably won't need to be in a prime trading location - an industrial estate or a similar location could be fine as long as it's accessible to customers and their vehicles. You'll need enough space to work on and around the vehicles you'll be valeting, and you'll need somewhere that you can use water, cleaning fluids and polishes without any problems. You'll probably need enough parking space for several vehicles nearby.

Some valeting businesses have taken over old disused petrol station sites. These are typically large, cheap to rent or buy, and have good vehicle access. They're quite plentiful at the moment as petrol stations continue to close around the country.

Your solicitor will help you with the lease agreement but make sure that you are clear about:

  • whether the premises can be used for the purposes you have in mind
  • how frequently the rent will be reviewed
  • how long the lease runs for
  • what you and the landlord are each responsible for
  • the position as regards sub-letting