Company specializes in providing textile rental, laundry services, and sales to various industries such as hospitality, food service, auto service centers, and printing companies. The company provides it's customers with high-quality, cost-effective, and customized solutions to meet their textile and laundry needs. For over 20 years the company has strived to provide excellent service and support to their customers.
- Asking Price:
- $475,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $899,500
- Cash Flow:
- $169,343
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The company is located in a 2,000 sq. ft. warehouse with plenty of storage capacity for rental inventory and trucks.
Business Operation
- Expansion Potential:
-
Due to the rapid growth in Florida and continued inflation, pressures may cause more businesses to outsource laundry and linen supply services. The addition of a wider range of product service and customer diversification are other potentials for the companies growth in this $20b industry.
- Competition / Market:
-
Industrial laundry and linen supply revenue will expand to $21.6 billion over the next five years, with profit reaching 11.5% in 2028.
Diversification in end markets minimized losses for industrial launderers during COVID-19. Moving forward, it'll also support growth. Diversification will leave industrial launderers less vulnerable to a slow recovery in some markets, as it is offset by a faster pace of growth in others.
- Reasons for selling:
-
Sellers are retiring.
- Trading hours:
-
Monday-Friday 8am-5pm
- Employees:
- 2 FT
- Years established:
- 24
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
- Financing available:
-
Lender pre-screened with $40K down.
- Furniture / Fixtures value:
- $180,581 - included in the asking price
- Inventory / Stock value:
- $151,918 - included in the asking price
- Relocatable:
- This business can be relocated.
