Well Established and Profitable Linen Rental Company
| Asking Price: | Not Disclosed | Inventory: | $1,393,787 ++ |
| Gross Revenue: | $2,434,291 (comments below) | Real Estate: | n/a |
| Cash Flow: | $651,055 (comments below) | FF&E: | $522,932 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2008 Tax Return | |||
| Cash Flow Comments: 2008 SDCF | |||
This successful business is one of the foremost Linen Rental companies in New Jersey. The company provides both superior service and products to catering companies, corporations, and party planners, to name a few. With a large inventory of a variety of products, this business is easily able to meet the needs of their clients.
This company has matured and expanded at a steady rate. The current owners have been judicious to keep cash flow and working capital needs in line with the businesses’ ability to grow.
There is a trained management team in place that keeps this well oiled machine running like clockwork. The staff is experienced, courteous, professional, and loyal.
The facility will be leased to the new owner at a reasonable long-term rate. The owners will provide invaluable advice to the new owner on how to run and expand the business.
The company has enjoyed continued growth on a year-to-year basis. They currently employ one salesperson who services a limited territory. An aggressive approach in expanding the existing sales territory and an increase in internet sales will result in higher revenues. The current owners have laid the ground work to take this cash positive business both national and international.
The company recently under went a change that positively affected the logistics of operations.
This company has matured and expanded at a steady rate. The current owners have been judicious to keep cash flow and working capital needs in line with the businesses’ ability to grow.
There is a trained management team in place that keeps this well oiled machine running like clockwork. The staff is experienced, courteous, professional, and loyal.
The facility will be leased to the new owner at a reasonable long-term rate. The owners will provide invaluable advice to the new owner on how to run and expand the business.
The company has enjoyed continued growth on a year-to-year basis. They currently employ one salesperson who services a limited territory. An aggressive approach in expanding the existing sales territory and an increase in internet sales will result in higher revenues. The current owners have laid the ground work to take this cash positive business both national and international.
The company recently under went a change that positively affected the logistics of operations.
About the Business
Year Established:1992
Employees:30 full time - 15 part time
Facilities:The company has office space, a warehouse, and a light manufacturing space. The current facility can easily be expanded.
Market Outlook and Competition:The advantages this company has are several: they have been flexible in their approach to the business; they have changed as the industry has changed, allowing them to remain current in the marketplace; they deal with competitive pressures head on; and the products they produce are superior in quality. The owners and employees will bend over backwards to assure the customer gets what they ordered and that the linens are perfect for the event. Rapid response to requests with short lead times has resulted in repeat business and new customers. Additional income streams can be pursued including adding additional shifts, taking in commercial laundry, tent cleaning and repair, and contract work, to name a few.
About the Sale
Reason For Selling:The owners are looking forward to retiring and relocating to be near family.
Seller Financing:Seller financing to a qualified Buyer.
KEYWORDS: rental, linen, wholesale, business to business, profitable, lucrative, products, inventory, services, well run, established, management, well trained
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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