Description of the business for sale
Business Description:
For industrial laundry clients (from coin operated laundries to large institutions that require on premise laundry systems) concerned about efficient layout, quality service and reliable performance, this company provides a wide range of equipment and experienced laundry professionals to determine the most cost effective laundry solution based on customer needs and constraints.
The company is the exclusive wholesaler for two national brands of laundry equipment (Colorado and Wyoming) and carries several other lines on a non-exclusive basis. They maintain trained designers who understand the special layout needs of large industrial laundry sites and can accommodate design to electrical and plumbing constraints of the facility. They are able to save customers money by matching installation to the needs of the customer.
Markets served:
The current business is focused on the Colorado Front Range within the proximity of Denver is licensed in all of Colorado and Wyoming. As a means of growing the business, the company intends to seek servicing partners in population centers to enhance its whole goods sales. Other growth options include the development and marketing of retail coin operated laundries and creating an equipment leasing program along with scheduled service program for targeted on premise laundry customers.
Financial Overview:
The company lost $30,000 on $1,700,000 in sales in 2005 which was its first full year of operations. Based on the growth and national brand market share in 2005, the owner projects sales of $2,500,000 in 2006 and $3,000,000 in 2007 without growing beyond the current area of operations on the Colorado Front Range. Additional growth will come from expanding further in Colorado and Wyoming.
Assets:
The tangible assets included in the sale are the Operating Assets of the business to include the property, plant, and equipment ($100,000) and the inventory ($400,000.) In addition, the owners would lik
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Description of the facilities
Furniture, fixtures, and equipment = 100000
Furniture, fixtures, and equipment included: Y
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