Profitable New Jersey Linen Rental Company For Sale

Business description

This successful business is one of the foremost Linen Rental Companies in New Jersey. The company provides both superior service and products to catering companies, corporations, and party planners, to name a few. With a large inventory of a variety of products, this business is easily able to meet the needs of their clients.

This company has matured and expanded at a steady rate. The current owners have been judicious to keep cash flow and working capital needs in line with the businesses’ ability to grow.

There is a trained management team in place that keeps this well oiled machine running like clockwork. The staff is experienced, courteous, professional, and loyal.

The facility will be leased at a reasonable long-term rate. The owners will provide invaluable advice to the new owner on how to run and expand the business.

The company has enjoyed continued growth on a year-to-year basis. They currently employ one salesperson who services a limited territory. An aggressive approach in expanding the existing sales territory and an increase in internet sales will result in higher revenues. The current owners have laid the ground work to take this cash positive business both national and international.

The company recently under went a change that positively affected the logistics of operations.

Property information

Real Estate:

Lease

Lease terms:

The facility will be leased at a reasonable long-term rate.

Location:

The company has office space, a warehouse, and a light manufacturing space. This space can be easily expanded.

Other information

Expansion potential:

The current market is regional in nature and can be expanded without much difficulty. The current owners have maintained certain boundaries but new territories can easily be developed.

The ability to expand can be accomplished by increased advertising; adding sales people to the current roster, and developing new accounts in areas they currently do not serve.

They are currently seeking to expand their market on a more regional level and even on a national scale.

Competition / Market:

There are many rental companies in the region. The advantages this company has are several; they have been flexible in their approach to the business; they have changed as the industry has changed, allowing them to remain current in the marketplace; they deal with competitive pressures head on; and the products they produce are superior in quality.

Support & training:

The owners will assist the new owner in a smooth transition and training period.

Reasons for selling:

The owners will be retiring and relocating out of state.

Trading hours:

7:30 am - 6:00 pm - Monday-Friday

Financing available:

To Be Determined.

Furniture / Fixtures value:

$522,932 (included in the asking price)

Inventory / Stock value:

$1,393,787 (included in the asking price)