The company is a full-service commercial laundry company. Services include pick-up, washing, drying, ironing, folding, packing, and delivery.
Key Aspects
•The Company has experienced a 27.9% year-over-year (YOY) growth in revenue from 2022 to 2023
• Reputation in area for consistent, high-quality service
• One of the first installations in New Mexico of a water recycling system, according to management; this system recycles approximately 70% of the water used in accordance with state compliance programs
• Unique to the region, the Company serves commercial customers and services customer-owned linens
Opportunities
• Increase traffic to the Company’s website through search engine optimization and implement a marketing campaign to promote brand awareness in the region
• Add a third shift to accommodate additional customers
• Expand geographic service area to additional cities in the region
• Extend services to include residential customers
Current Markets
•The Company serves commercial customers in the healthcare, hospitality, health & wellness, restaurant, and higher education industries in New Mexico.
Real Estate
•The Company operates from a 5,130 square-foot facility which is held personally by ownership. The property is expected to be included in a sale; however, ownership is open to leasing it postsale.
Shareholder Objectives
•The sole owner is seeking retirement and an eventual full exit from the Company after a transition period, if needed. Ownership is not active in the day-to-day operations of the Company and is open to various deal structures to facilitate a transaction.
