You want to sell your laundry business? Then it's good to know what the takeover market in the laundry field looks like. These service entrepreneurs are mostly employed in healthcare and local community initiatives.
The number of consolidations in this industry has more than doubled in the last decade. The reason for this lies in the fact that in the healthcare industry, specialist tasks are being outsourced, rather than textiles being cleaned in-house.
There are many ways to value a business. A common method of expressing the value of a business is "a factor x gross annual profit." This factor is also called multiple and another designation for gross annual profit is EBITDA (Earnings Before Interest Taxes Depreciation and Amortization).
In business services, to which a laundry belongs, an indicative range of EBITDA multiple of 4.6 to 5.5 is currently used, according to the Brookz Takeover Barometer. The average EBITDA multiple across all SME sectors is 4.90.
The valuation of a business is often the starting point for negotiations between buyer and seller. The outcome of these negotiations is the final sales price. So valuation and price are two different quantities. Besides valuation, the price is also determined by possible scarcity in the market, bargaining power of the parties, the strategic value of the business for the buyer and possible synergy effects for the buyer (cost savings, purchasing advantages).
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Do you want to buy a business or sell a business in the business services sector? With this Brookz Sector Monitor, we want to present buyers and sellers with facts, figures and an outlook that provide insight into the number of transactions, the value development of businesses and the latest trends and developments in the business services sector. Because in every buying or selling process, thorough preparation gives peace of mind, overview and structure.
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There are many startups in the industry every year, which also makes many businesses with only one person working visible.
In figures, the number of laundries in 2024 looked as follows(CBS):
With this online training from Brookz you are optimally prepared to largely sell your business yourself: 25 Powerpoint videos, a comprehensive valuation report, legal model contracts, handy templates, checklists and expert support. Plus 50% discount on listing your business on Brookz!
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A number of trends and developments will inevitably cause changes over the next few years, but also offer laundries many growth and acquisition opportunities:
Just because we have just emerged from a global pandemic and are in the miserable aftermath does not mean we are facing a bright future. Viruses were there in the past and will always be there. Sometimes more prominent, but we can guard against that. We are facing the facts and that is causing hygiene measures to be tightened, which will increase the demand for textile cleaners.
Hospitals are increasingly commercializing and competing among themselves, according to RFO. As a result, hospitals and rehabilitation centers are not only focused on providing quality care, but are more often becoming healthcare boulevards or healthcare hotels. Medical facilities are combined with hotel facilities, hospitality and retail.
Older people are living at home longer and also recovering at home after admissions, which means more frequent bed changes in care centers. The demand for cleaned textiles is increasing, as is the need for surgical textiles.
Older people living at home does not only have an impact on healthcare, because in addition to relatively short admissions, there is also a trend in the role of caregivers in the home situation. When washing can no longer be done yourself, it was mostly left to home care. In the near future, home care will take on a coordinating role between various caregivers and informal caregivers, with laundry also taking on textile cleaning.
