This linen Hire business for laundry services is unique.
Y/E June 23 profit $530k. FY 24 forecast $700k.
Profitable, simple, Owner works 10 hrs weekly,
Location can be a key factor for the success of any business - for a business targeting the tourist/hospitality market it is critical. Centrally located in Australia's tourist capital this business has delivered year on year profitable growth.
With the owner's involvement limited to 8 to 10 hrs oversight per week the profit for FY23 was $530k. Due to significant market developments forecast profit for FY24 is $700K+.
The business is being sold on a WIWO basis which will include P&E of approximately $365k and stock exceeding $750k.
Growth has come from the best type of marketing word of mouth. This well established reputation for efficient, hassle free customer service continues to bring a constant flow of opportunities for further growth.
Providing a turnkey solution for the hire and supply of critical products for the hospitality industry since 1980, the current owner has transformed how the business functions and interacts with its clients. By implementing robust, proven processes that are underpinned by CRM software, developed specifically for the business's needs, all aspects of management can be handled remotely.
The owner is highly flexible in terms of what the handover would look like and is prepared to offer extensive training/on-going support for as long as necessary to ensure a successful transition. However, the same processes that allow this business to be managed remotely will ensure a new owner will have little difficulty taking over the reins of this business.
Just as importantly the vendor is willing to provide some innovative solutions to how the business may be purchased.
$3m WIWO
Eamonn Bicknell: 0452 321 954
Importing, Distribution, Manufacturing and Service Business Specialist
