Business For Sale

Long-standing Local Linens Service Provider

Not Disclosed, AR
Carroll County


Asking Price: Annual Revenue:
$225,000 $317,177

Services: Dry Cleaning & Laundry


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RE: Long-standing Local Linens Service Provider Broker: Jared Thompson
Owner Financing is Available!
75000.00

Quick Facts

Asking Price: $225,000
Annual Revenue: $317,177
Net Profit: Not Disclosed
Cash Flow: $93,881
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 1999
Employees: 9
BBN Listing #: 96041469
Broker Reference #: 0366-766058

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Business Overview:

This business provides linens services to local small businesses and community organizations.

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Property Features and Assets:

This business has been serving the market from its current location for almost 20 years! This business is one of the core providers of linens and laundry services to motels, restaurants, hospitals, schools, and other small businesses. It also provides paper products to several accounts. Many of its customers prefer to work with a responsive local company versus the national chains in the competitive set, so the customer base is extremely loyal. The current customer base is well-secured with 95% of the customers on service contracts. The business runs a relatively lean, high cash operation with 6 plant employees plus 3 route drivers. The physical assets include all laundry servicing equipment, all linens inventory (100% owned), and 5 delivery/pickup vehicles. The real estate is also available for sale if a buyer would like to purchase with the business.

Market Competition and Expansion:

Competitive set includes national linens chains and a few local concepts. Lots of opportunity to expand penetration in surrounding market areas. Capacity can be increased by adding night shift production and additional route drivers.

Reason for Selling:

Retiring.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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