Catylist ID: #30739934
Established Linen and Cleaning Services Company For Sale
Undisclosed Address, Florida
Business Opportunity for Sale
|Catylist Listing ID:||30739934|
|Property Subtypes:||Business Services|
|Building Size (RSF):||See Agent|
|In Opportunity Zone?||Yes|
|Year Business Established:||1999|
|Gross Revenue:||$900,000 (Annual)|
|Cash Flow:||$425,000 (Annual)|
|Cash Flow Type:||EBITDA|
|Sale Terms:||Cash to Seller|
Overview / Comments
Family-owned and operated commercial linen and cleaning services company located in the Sarasota/ Manatee County market area. Initially founded in the late 1990’s to provide Commercial Cleaning services.
The business was expanded in the mid 2000’s to include Commercial Linen Laundry and Supply services to lodging/resort industry. Historic growth has based on strong work ethic, good reference history and respect from their many clients, to become the only company providing commercial cleaning and linen services to the resort industry in the area.
The professional staff is well-trained, bonded, and insured, serving Single-Family Homes, Apartments, Offices, Condos, Resorts throughout Manatee and Sarasota areas. Cleaning services offered include: Full departure cleaning, Deep Cleaning, Maid Services, Move-in/Move-out cleaning, Special occasion cleaning (parties, weddings, holidays, etc), Offices, Banks, Churches, etc.
In addition to cleaning services, the Linen Department serves resorts in the market area, providing sheets, towels, kitchen towels, floor mats, etc to the lodging/resort industry. The Company benefits from the reputation of providing excellent service along with solutions, rather than excuses.
Plenty of opportunities for growth within the current market area.
A very helpful note for a new owner is nearly all staff members (and all management staff) are fluent in both English and Spanish.
Business owner may consider the cleaning division and linen division separately.
|Industry Segment:||Commercial Laundry|
|Value of Inventory Included ($):||$100,000|
|Value of Furniture, Fixtures, and Equipment ($):||$200,000|
|Real Estate Status:||Leased|
|Value of Real Estate Included ($):||$0|
|Real Estate Lease Description:||Seller currently leases the 3,500 SF Admin Office/Production Facility to the business for $3,600.00/month.|
|Employee/Labor Description:||5 year-round employees and 8 year-round independent contractors. The number of independent contractors increases to approximately 20 during high-season.|
|Mgmt/Training Support Description:||Seller willing to work alongside new business owner up to 3 months following closing. Seller willing to consult with new business owner up to 12 months. Seller compensation to be at an agreed upon arrangement.|
|Competition/Market Description:||Only Commercial Linen / Cleaning Services provider in the market area with ability to provide both Linen Services and/or Cleaning Services.|
|Growth/Expansion Opportunities:||Possibility to expand by 80+/-% with potential accounts from Anna Maria to Venice area.|
|Seller Financing Description:||Cash to Seller|
Jeffrey S ButtonRICHARDSON KLEIBER WALTER KLEIBER BUTTON INC MFCRE Member
|© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither My Florida Commercial Real Estate nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|