38 Years Established Commercial Laundry for Sale
Business Description:
Commercial laundry business operating in Palm Beach County for 38 years by current owner who is now retiring. No retail. Company strictly services 25-30 large repeat commercial customers (hotels, resorts, country clubs) on a regular basis. Two company vehicles used for pick-up and drop-off. Company utilizes 20,000 sq ft facility with $1.19M of equipment including 7 washers, 6 dryers, two steam boilers, compressors, and two steam presses. Fully staffed with 18 employees to launder, sort, press, fold, and deliver. Owner works about 40 hours per week and will finance up to $300K to qualified buyer. Major room for growth by adding salesman to target new customers in the healthcare or hospitality markets. Sale also includes inventory of over $100K of unused linens, napkins, and tablecloths which may be rented out for party rentals as additional revenue stream. Non-Disclosure form is required.
Asking Price:
$
900,000.00
Gross Revenue:
$
1,398,477.00
Cash Flow:
$
150,527.00
Downpayment:
$
600,000.00
FF&E (Included):
1190000
Inventory:
100000
Financing:
Yes
Business Location:
Palm Beach County
Support/Training Comments:
30 days
Financing Comments:
Seller will finance up to $300K for qualified buyer
Reason For Sale:
retirement
Home Based:
No
Year Established:
1988
Franchise:
No
Year Aquired:
Willing To Train:
Yes
Relocate:
No
Required Licenses:
Occupational
Real Estate Asking:
Days Open:
7
Full Time Employees:
18
Hours Open:
9am-5pm
Part Time Employees:
Contact Us
38 Years Established Commercial Laundry for Sale
Business Description:
Commercial laundry business operating in Palm Beach County for 38 years by current owner who is now retiring. No retail. Company strictly services 25-30 large repeat commercial customers (hotels, resorts, country clubs) on a regular basis. Two company vehicles used for pick-up and drop-off. Company utilizes 20,000 sq ft facility with $1.19M of equipment including 7 washers, 6 dryers, two steam boilers, compressors, and two steam presses. Fully staffed with 18 employees to launder, sort, press, fold, and deliver. Owner works about 40 hours per week and will finance up to $300K to qualified buyer. Major room for growth by adding salesman to target new customers in the healthcare or hospitality markets. Sale also includes inventory of over $100K of unused linens, napkins, and tablecloths which may be rented out for party rentals as additional revenue stream. Non-Disclosure form is required.
Gross Revenue:
$
1,398,477.00
Cash Flow:
$
150,527.00
Downpayment:
$
600,000.00
FF&E (Included) :
$
1190000
Inventory:
100000
Financing:
Yes
Business Location:
Palm Beach County
Support/Training Comments:
30 days
Financing Comments:
Seller will finance up to $300K for qualified buyer
Reason For Sale:
retirement
Home Based:
No
Year Established:
1988
Franchise:
No
Year Aquired:
Willing To Train:
Yes
Relocate:
No
Required Licenses:
Occupational
Real Estate Asking:
Days Open:
7
Full Time Employees:
18
Hours Open:
9am-5pm
Part Time Employees: