Well Established & Profitable Linen Rental Company
Location New Jersey,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1992
Number of Employees 35 - 49
Inventory 1393787
Relocatable No
Number of Employees 35 - 49
Real Estate Owned
Training The owners will assist the new owner in a smooth transition and training period.
Reason for Sale The owners will be retiring and relocating out of state.
Description 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 current owners are more than willing to assist a new owner in a smooth transition and will provide invaluable advice 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 but 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 has had a positive affect on the logistics of operations.
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