Business for sale

Business for sale in Cluj with above-average profitability indicators

Business for sale in Cluj with above-average profitability indicators
Business broker
Vlad Crisan
Cluj-Napoca - Romania
+40 741 036 187
vlad.crisan@trade-x.ro
Selling price: 585.000 EURO
Annual turnover: 266.750 EURO
Real Estate Value 0 EURO
Operating profit (EBITDA) 80.081 EURO
County / City: CLUJ NAPOCA
Country: CLUJ

Short description

 We present to you a business for sale analyzed by a business broker, very robust and, thanks to the field in which it operates, safe from possible changes in the local or even global economy. It can be seen both as an investment, because it is easy to manage and administer, and as a business activity that can be developed. This sales business from Cluj-Napoca has been active for over 8 years, during which it has grown steadily from year to year.

The company has continued to expand in recent years, managing to sign a medium-term contract with a value that will allow it to double its turnover starting from 2024, the contract being signed for a period of 2 years with the possibility of extension. The financial projection is to grow to a value of €500,000 in 2024, continuing with year-on-year revenue growth at an annual rate of 10-12% per year for the next 3 years. There is scope for accelerated scaling with some machinery investments to increase current capacity.

For those who want to make an investment, with a return above what the real estate market offers, for example, the following strengths are worth highlighting:
- the business can be managed with an involvement of only 20 hours/week;
- there are no stocks, seasonal fluctuations;
- B2B contracts, the majority in this business, require less effort and are more stable.
- it works with few employees - the current ones being in the company for 4, 5 years.

On the growth side, a negotiation of another 2, 3 new contracts would substantially increase revenues as the local potential is still untapped!

What exactly is this business for sale? An industrial textile laundry specialized in the medical field. A provider of professional services, which meet the permanent needs of clients - hospitals and medical clinics -, to standards imposed by Ministerial Order.

Products and Services

 90% of the provided services by this business cover the medical sector. These are complete cleaning and sanitizing services at the high standards imposed in this field for uniforms, linen, and textiles used in the operating block.
Despite not being part of its target, the company also serves a small number of orders coming from individual customers.
HORECA is an underrepresented segment, hence the opportunity for growth for a new owner.
A flawless Customer Service policy has brought contract renewals with large private hospitals and letters of recommendation, that can be considered part of the goodwill. The letters, along with the high-quality services, are the ones that have opened the door for other contracts in the field.

Operations

 The operational flow is easy to follow: from picking up textiles from customers, washing, sanitizing and disinfecting, drying, ironing, and delivering them, all steps are clearly defined and easily manageable by employees.

Tangible and intangible assets

 Tangible assets:
- Peugeot Boxer utility van
- washing machines with hygiene barrier
- industrial dryers
-professional ironing mannequins
- colanders for ironing
All equipment is very well maintained through continuous service.

Intangible assets:
- registered trademark
- own website

Market and development potential

 Cluj is a leading medical center where large networks of medical clinics and private hospitals have opened their representative offices. The private healthcare market will continue to grow, with a focus on investment in major cities, where specialist staff are available. Under these conditions, we can estimate an increase in the number of customers on the same business relationship profile: B2B, with which the portfolio can be increased.

In addition, the HoReCa market is a yet untapped potential customer sector; only 2 hostels are among the customers of this business.
When advertising a business for sale, the person doing this advertising has the professional obligation to keep the business's and shareholders' information confidential. Therefore, data fields marked N/A can only be disclosed by signing a Non-Disclosure Agreement (NDA).

Detailed information

Business established on 2024-03-14
Turnover from previous years 115.859 EURO
Trademark N/A
Goodwill N/A
Seller/bank financing 0 EURO
Approximate inventory 3.800 EURO
Inventory included in price Yes
Number of Employees 9
Support and training Yes
Reason for sale Investment in a larger manufacturing business

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