Well Established Textile Rental & Laundering Business
Lake County, FL
| Asking Price: | $450,000 |
| Gross Revenue: | $899,500 |
| FF&E: | $180,581 |
| Cash Flow: | $169,343 |
| Inventory: | $151,918 |
| Established Year: | 1999 |
Listing ID: 2085514Listing provided by BizBuySell
BUSINESS DESCRIPTION
Well Established Textile Rental & Laundering Business
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.
DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,000
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The company is located in a 2,000 sq. ft. warehouse with plenty of storage capacity for rental inventory and trucks.
Competition
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.
Growth & Expansion
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.
Financing
Lender pre-screened with $45K down.
Support & Training
Will train for 4 weeks @ $0 cost.
Reason for Selling
Sellers are retiring.
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