Los Angeles Linen Service w/Growth Potential!

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$595,000 $707,333

Services: Dry Cleaning & Laundry


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RE: Los Angeles Linen Service w/Growth Potential! Broker: Ryan Clark

Quick Facts

Asking Price: $595,000
Annual Revenue: $707,333
Net Profit: Not Disclosed
Cash Flow: $170,260
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 10+ years
Employees: 11
BBN Listing #: 44434929
Broker Reference #: FlufRam

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Business Overview:

This Los Angeles linen and towel service, which has been established for over a decade, has tremendous growth potential available to the full-time working owner or larger laundry enterprise that has the space and water discharge rights to continue to grow. The firm boasts approximately 150 customers, many of whom are household names. The diverse client mix is balanced with a blend of private and public sector customers that are resilient in any business climate. Roughly 40% of customer income is derived from annual contracts, which creates stability and a remarkably predictable recurring revenue stream. The company’s net customer gain remains at approx. 30 per annum, with minimum turnover. This firm benefits from word-of-mouth referrals due to their incredible reputation for service, quality and timely turn-arounds. In addition to a subscription towel service, the company also sells apparel to some clients. While they have remarkable organic search order placement, they also invest in a pay per click advertising to continually optimize their customer mix.

The company’s property is available for an additional $550,000.

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Property Features and Assets:

This highly efficient facility operates from a 3,000 plus square foot lot with a 1,650 square foot building and additional work rooms. The property, which is also available for sale, enjoys stellar street frontage on a major throughway in one of the hottest commercial corridors in Los Angeles County. The business has the equipment necessary (most of which is relatively new) to support substantial growth. The fair market value of the bourgeoning enterprise’s equipment is estimated to be $230,000.

Market Competition and Expansion:

This highly efficient facility operates from a 3,000 plus square foot lot with a 1,650 square foot building and additional work rooms. The property, which is also available for sale, enjoys stellar street frontage on a major throughway in one of the hottest commercial corridors in Los Angeles County. The business has the equipment necessary (most of which is relatively new) to support substantial growth. The fair market value of the bourgeoning enterprise’s equipment is estimated to be $230,000.

Reason for Selling:

Personal

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.

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