A profitable business that represents good management buy-in opportunity or addition to any B2B services groupThe Business
The Company is a cash generating, well-capitalized supplier of business textile services to a range of industries. It has a good reputation for quality and service. The Company supplies a large number of industrial customers in the Midlands and South West.
Most customers are industrial sites, which use textiles that become soiled with chemical products that are difficult to dispose with general waste. Textile laundry services have to be cost effective against disposable products as well as meet the latest legislative requirements.
Market
The business was started in the owner’s home, and moved to the current site in 2001. Company turnover is £1.6m, with assets £800,000 and EBITDA of £300,000. The Company’s laundry site had a fire 18 months ago, which resulted in the installation of significant amount of new equipment with the proceeds of the insurance payout; this is not fully reflected on the balance sheet.
Sector: Business ServicesSegment: Facilities ServicesRegion: Western EuropeFinancing Size: $1m to $5mContact: David Owen
Company: Sunbelt Business Brokers GloucestershireTelephone: +44 012 4225 2942Email: [email protected]