The company offers linen and towel hire and laundry services for a wide range of sectors.
Priding itself on its exceptional services, the company carries out 75% of its work on a fixed-fee contracted basis, with the factory only required to be in operation for 30 hours per week, keeping overhead costs low and providing scope for growth.
The business is now being offered for sale to facilitate retirement plans.
Offers invited.
Key Highlights
- 135 active customers, with 75% of income being derived from secure contracts.
- Serves a varied customer base, including those in the banking, restaurant, hospitality, leisure, wedding, events, and facilities management sectors.
- Achieves a high customer retention rate, with the longest customer relationship spanning eight years.
- Strong second-tier management team in place that can undertake many daily operations with minimal oversight.
- Operates from leasehold premises.
- Offering cleaning products, toiletries, and accessories for hotels and guest houses could considerably expand sales and attract new customers.
- Developing the website to include the use of SEO and PPC, as well as introducing online ordering capabilities, could enable the company to reach more customers.
Financial Highlights
- Turnover in excess of £1.5m in YE23, with an EBITDA of £675k.
- 106% increase in EBITDA between 2018 and 2023.
