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Listing ID: 2009621

Profitable And Growing Laundry Services Operation For Sale

Vancouver, British Columbia, Canada

BUSINESS SOLD

(Furniture / Fixtures and Inventory / Stock included)

Revenue: CA$ 250k to 500k

Cash Flow: CA$ 100k to 250k

Business Description

Located in a vibrant and growing part of Vancouver, the business has been established since mid-1970s. A loyal and growing client base include self-serve coin laundry users as well as commercial and retail Wash-and-Fold drop-off customers. Dry cleaning and alteration (using outside suppliers) also contribute to total revenue base. Since 2011 takeover, the current owners have replaced all dryers with modern machines, added larger, Jumbo and Triple load washers, established a Downtown branch location, created a professional website, developed hotel pickup & delivery service for tourists, resulting in substantial growth in higher margin, value added business and significant growth in financial metrics. Currently there are five part time employees but the owner's cash flow could be increased even further with family labor.

Property Details

Size:

Processing location 1700 sq-ft Downtown collection depot 300 sq-ft

Years Established:

40 years (approx)

Other Details

Expansion Potential:

Growing linen pickup & delivery service to message therapy clinics, air B&B, hair salons, and other commercial accounts. Future increases in this segment as well as hotel pickups at current rate may require a central processing center, away from retail customer area.

Operation Details

Employees:

5

BusinessForSale.com

Copyright © 1997 - 2018 Dynamis Ltd and all subsidiaries.

Registered Address:
Dynamis Limited. Dynamis House, 6-8 Sycamore Street, London, EC1Y 0SW. United Kingdom.
VAT No. 747791385 Company
Registration Number: 3788210

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