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IB010-Commercial Linen Laundry Service

Asking Price: GBP 90000
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Business Location: United Kingdom » Others » Middlesex 
Category: Services » Dry cleaning/Laundry Services
Description:
Commercial Linen Laundry Service
Confidentially offered for sale
Ref No: IB010
Location: Middlesex
Asking Price: £90,000
This company was established by its present owner in 2006, after working in the industry for approximately 20years for one of the largest and best known laundry companies who went into liquidation, leaving an opening in the market for a top quality laundry and linen business. The operation quickly established for itself a name and reputation for the friendly and professional service offered. This is a company that is prepared to go the extra mile and is a leading company in this sector, providing the supply and laundry service to over forty five contracted & non-contracted commercial customers. These include restaurants, hotels, bars, large apartment blocks and universities, a very broad customer base on which to grow the business further. Services include laundry, pressing, collection and delivery. There are many opportunities to develop this business further and it represents a very worthwhile investment opportunity.

This service is supplied by a well-established, professional and close-knit team of staff who understand the importance of customer service in this competitive yet rewarding environment.

Due to conflicting family commitments the owner has reluctantly decided that selling the business is now necessary, which means this fast growing and lucrative business is now available for a new owner to develop further and to reap the benefits of this outstanding business opportunity.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
260000
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area:
Year Established: 2006
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
No of trading hours: 10
Reasons for selling:
Due to conflicting family commitments the owner has reluctantly decided to sell this lucrative and growing business opportunity.
Market competition and expansion:
Much of the business's revenue is a result of word of mouth recommendation, bearing strong testimony to the excellent reputation enjoyed by the business since its inception. As there is currently little, if any, advertising the owner is aware that a more active sales and marketing campaign, including the re-designing of the website, would certainly improve sales and profitability and will increase its market exposure and revenues. The implementation of some form of database management would also ensure the business fully maximises the opportunities its large customer bank represents.
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