How do I prepare a uniform or linen service business for sale?
Prepare a uniform or linen service for sale by organizing the account list and each customer agreement, the route records, a count of garments and linen in circulation, and the plant and vehicle files. A buyer is buying recurring routes and the stock that serves them, so the clearer those records are, the easier the review.
A route-based service sells differently from a shop with a counter. Buyers want to know who the customers are, how reliably the trucks reach them and what it takes to keep garments and linen moving. Start the work well before you list. Records assembled in a rush tend to have gaps, and gaps invite questions that slow a sale.
The account list and agreements
Build one list of customers with the service they receive, the agreement date, the renewal terms and any special conditions. Gather signed copies and note any customer who has not signed. Be ready to say who handles each key relationship. Ask your lawyer which agreements need a customer’s consent to move to a buyer, and plan how and when customers will hear.
Route records and stock counts
Keep route sheets that show stops, frequency and the driver on each route, so a buyer can see how tightly stops are grouped. Count garments and linen by customer and type, note which items are worn, and record what is owned versus leased. A tidy count gives both sides the same numbers to work from.
Plant, fleet and people
Collect maintenance logs, service invoices and leases for washers, dryers, folding lines and trucks, and fix small defects before buyers visit. Decide who in your team should be told and when. Keep the business running normally during the process; see how to keep the business performing during a sale.
Related reading
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Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernment7 steps to increase your business’ value—before you sell it
- 02Business Development Bank of CanadaGovernmentUnderstanding the options for selling your business
- 03Canada Revenue AgencyGovernmentSelling a business
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