Linen Cleaning and Rental Business

Listing Number: 76551-642042

Description

Over 20 years old, this eco-friendly linen cleaning and rental business has thrived for decades. About 250 regular customers that are mostly with a 20-mile radius of the current location, but there are some large industrial and government clients located in College Park and Philadelphia that are worth delivering to. While prices are due for an increase, they are in-line with inferior quality competitors. About 75% of clients are commercial who own their own linens and pay-per-job while 25% of customers are renting clean linens for events.
Approximately $2,000,000 worth of total trucks and equipment with $500,000 recently purchased that allow for more automation and batch-washes (1 customer at a time) while also the most eco-friendly and efficient in the industry.
Marketing – Currently none.
Other Growth Opportunities - relocating to a larger space and owning the real estate, location is not important, but equipment will be difficult to move. Diversifying into other rental lines such as party tents, chairs, decorations, etc…
Management Training - This business is fairly simple to run. To any non-experienced person looking to get into the industry, it can be learned in a couple weeks and seller is willing to include management assistance and training after the sale, at no additional charge.



• Lease - Good long-term lease is available with at $5,000 per month. The property consists of laundry room, storage, office, and loading docks.
• Owner selling because he is retiring.

Listing Details

• Price: $1,200,000
• Down Payment: $500,000
• Sellers Discretionary Earnings: $87,302
• Total Sales: $1,002,000
• Location: Baltimore County, Maryland


• Inventory: $0
• FF&E: $0
• Employees:
• Reason for Selling: retiring
• Category: Cleaning/Clothing