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equipment and linens rental company

Linens and Vacation Equipment Rental Company

North Carolina
  • Asking Price$859,000
  • Gross Revenue$625,000
  • Cash Flow$225,000
  • FF&E$75,000*
  • Inventory$7,500*
  • Established2007
  • REAL ESTATELeased
    *included in asking price
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Contact the Broker

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Erik Sullivan

919-263-2550

Description

Coastal Rental Company with Massive Growth Potential

  • This business provides vacation linen rentals, commercial laundry, bed making, and beach/vacation equipment rental services for the vacation rental and hospitality industry. Very few competitors exist, and the business has built a fantastic reputation and brand in their market.

    Delivery service is provided to most customers. The business has scheduled routes and days of service which vary by type of customer, geographic location and time of the season. The Seller has established many systems and procedures to make training and transition smooth for the purchaser. All equipment, including a fleet of delivery vehicles, are top of the line and are in good repair with no deferred maintenance.

    •  Features: 

    - Great reputation with extremely high retention rate
    - Seasonal business with plenty of time off in the winter months
    - Desirable coastal market area; great place to live and work
    - Strong cash flow with limited competition
    - Newer and high-quality equipment is well maintained and well suited for this business
    - Several Immediate growth opportunities exist – contact broker for details
    - Pre-screened for an SBA loan package

    This is an excellent opportunity for an individual or strategic acquirer looking to gain a high-quality team with a strong customer base. The business has been pre-screened for a ten-year SBA lending package. Loan package includes $125,000 in working capital for a buyer with $150,000 down payment.

    Confidential Listing. Detailed marketing package including video overview is available upon signing of Non-disclosure Agreement. To learn more, contact Erik Sullivan at MidStreet at (919) 263-2550 or erik@midstreet.com.

FURNITURE, FIXTURES, & EQUIPMENT (FF&E)

Included in asking price

GROWTH & EXPANSION

Numerous growth opportunities are available that could have a immediate and significant impact on sales – contact broker for details.

FACILITIES
The company operates the business from a leased, stand-alone facility that is strategically located with easy access to the market it serves. The building houses the commercial laundry plant, warehouse, and office space. Building owner prefers to provide a long-term lease at current market rate but may be open to entertaining other options.
COMPETITION

Limited competition does exist, but this company is the clear market leader in the geographic area they service.

SUPPORT & TRAINING

Onsite transition support and call/email support will be made available and are included in the purchase price. Owner committed to successful transition and ongoing relationship with their other ventures.

REASON FOR SELLING

Owner is selling to focus on other non-competing business ventures.

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Understand Buyer Financing

Almost all buyers will use some type of financing when they purchase a business. If you plan to finance, then you need to know your options. Informed buyers have time to prepare for the buying process, while those who wait wind up slowing down the deal. Don’t wait.
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