MergerPlace

Hawaii Commercial Laundry

Hawaii


  • Asking Price: $600,000
  • Gross Income: $809,000
  • Cash Flow: $211,600
  • Real Estate: Not Disclosed
  • Inventory: $3,000
  • FF&E: $239,000
  • Listing ID: #206194
  • Established: 26
  • Employees: 10

Business Description

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

BUSINESS HIGHLIGHTS

• 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 50+ page Confidential Business Profile please contact us.


Business Details

Primary Business Category: Services - Other Services
Location: Hawaii

Company Information

Year Established: 26
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 10

Financial Information

Asking Price: $600,000
Gross Revenue: $809,000
Cash Flow: $211,600
FF&E: $239,000
Inventory: $3,000
Seller Financing Available: No

Property Information

Facilities:

Near the beach in a low cost industrial area. Offered fully turnkey with all equipment and vehicles

Growth & expansion opportunities:

Area is really growing

Competition:

Limited direct competition

Reason for selling:

Retirement

Support & Training:

2 weeks

Contact Business Seller

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Business Listed By:

Tom Caltrider

Hawaii Business Sales