Commercial Linen and Towel Hire and Laundry Service Based in East England

– 135 active customers, with 75% of income being derived from secure contracts.

– Serves a varied customer base, including those in the banking, restaurant, hospitality, leisure, wedding, events, and facilities management sectors.

– Achieves a high customer retention rate, with the longest customer relationship spanning eight years.

– Strong second-tier management team in place that can undertake many daily operations with minimal oversight.

– Operates from leasehold premises.

– Offering cleaning products, toiletries, and accessories for hotels and guest houses could considerably expand sales and attract new customers.

– Developing the website to include the use of SEO and PPC, as well as introducing online ordering capabilities, could enable the company to reach more customers.

Financial Highlights

– Turnover in excess of £1.5m in YE23, with an EBITDA of £675k.

– 106% increase in EBITDA between 2018 and 2023.