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
Sale Price: $1,800,000
In Opportunity Zone? Yes
Year Business Established: 1999
Gross Revenue: $1,100,000 (Annual)
Cash Flow: $425,000 (Annual)
Cash Flow Type: EBITDA
Relocatable Business: Yes
Sale Terms: Cash to Seller
Last Updated: 7/14/2021

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.

Additional Details

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

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