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Business For Sale

Linen Rental Company for the Event Industry

Confidential, NJ

Services: Hotel, Motel, Lodging

 
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
Not Disclosed
$2,247,371
Not Disclosed
$495,000
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
1992
0
53729987

Business Overview:

This business just makes sense for the entrepreneur or company looking for a well positioned business opportunity to grow and expand. The owners of this business began working on their exit strategy several years ago with the idea of making the company a salable commodity. They have accomplished this by recruiting and training a management staff to handle the day to day operations of the company and they have invested significant capital improving the physical plant. The facility has been completely renovated and refitted. The owners have updated production lines, warehouse facilities, front end facilities, and invested in software and technical advances to improve productivity. The company makes good use of the internet and their website to bring in more business. Not only has the company survived the current economic downturn but they have flourished with increased revenues and cash flow. In short, this company has positioned itself to take full advantage of the economic recovery and is situated to allow a new owner with energy and some capital to take this company to the next level.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

Modern fully refitted and refurbished plant (2008/2009) located in an ideal area of NJ for the industry. Support/Training: Seller will negotiate terms for transition. Included in the Asking Price: Furniture, Fixtures & Equipment: $461,492.

Market Competition and Expansion:

Competition: The company has maintained an excellent reputation in the industry and can out perform many of its competitors. Growth and Expansion: Internet and website have expanded sales nationally.

Reason for Selling:

Ready to execute exit strategy.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.
 

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