Hawaii Commercial Laundry
For over 26 years the Company has established itself as the high service commercial laundry on one of Hawaii’s islands. They both rent items to their customers and launder items owned by their customers. They focus on restaurants, bars, service stations and high-volume retail stores and rent/launder a variety of napkins, tablecloths, kitchen towels, aprons, cook uniforms, mechanic uniforms, pharmacy frocks and washable floor mats. This long tenured and very profitable business is offered for sale due to the retirement of the owner.
They wash, dry, fold and iron these items and deliver to customers by their own trucks seven days per week. They have conducted very little sales and marketing efforts over the years and their excellent growth is based on positive word-of-mouth referral from customers about their high delivery service and product quality.
The business is being offered on a fully turnkey basis with all operating assets including washers, dryers, ironers and vehicles.
Since 2012, revenue has grown 30% and SDE by 45%. 2017 SDE profit margins of 26%.
They have limited local competition and the market offers growth opportunities.
This business makes an excellent living for the owners, so they can really enjoy Hawaii’s paradise
Listing ID: HI Comm. Laundry T
Location: Hawaii (Island Confidential)
Type of Entity: HI limited liability company
Years Established: over 25
Asking Price: $600,000
Included Inventory: $3,000
Tangible Assets: $239,000
Non-Compete: 5 years
Training: 2 weeks
Sale Reason: Retirement
REAL ESTATE/LEASE DETAILS
Status: Month to Month, offer for another 10 years
Monthly Rent: $4,170
Sq. Ft.: 2,880
Centrally located close to customers to provide excellent customer service.
Strong operating team
Currently operate at about 50% of equipment capacity, so lots of potential growth without the need for significant capital investment.
They have grown primarily through word-of-mouth and have not done any focused sales or marketing and expect that an aggressive sales and marketing approach will result in materially increased sales and profits.
For a detailed Confidential Business Profile please contact us.