Operator Reflections: What We Learned From Selling Our Laundries

We’ve been involved in the textile service business for more than 50 years. Since 1983, we’ve helped more than 50 owners sell their businesses. Small, large, linen, industrial, rural and urban. We’ve helped sell portions of a business, sell to multiple buyers, asset sales and stock sales. We’ve also worked on the buying side helping independents purchase another textile service business. In other words, we’ve been involved in almost every type of sale.

Below we’ve outlined the basic steps of a sale. In addition, we’ve included what we consider insightful comments from former owners of companies that we assisted in ...

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