Established Commercial Cleaner/Laundry, 25% Profit

Not Disclosed, NY
New York County


Asking Price: Annual Revenue:
$10,000,000 $12,000,000

Services: Dry Cleaning & Laundry


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RE: Established Commercial Cleaner/Laundry, 25% Profit Broker: Vincent Stagliano
Owner Financing is Available!
$3,000,000

Quick Facts

Asking Price: $10,000,000
Annual Revenue: $12,000,000
Net Profit: Not Disclosed
Cash Flow: $3,000,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2012
Employees: 60
BBN Listing #: 74692979
Broker Reference #: 6193VS

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Business Overview:

Commercial Laundry / Dry Cleaning Company
Serving the hotel industry in NYC.
Customer base includes 20 plus – 3 and 4 star hotels.
Retiring Owners (3 siblings) bring 20 years experience and continue to grow the business every year.
One owner is willing to stay for one year and will work for free for 6 months to provide a strong and profitable transition
Seller wishes to sell to people that share the same passion for customer service.
Buyers must present proof of funds and confirm dedication to drive the company forward.
Asking price is $10,000,000 with $7,000,000 down.
Prospective buyers should provide a solid resume. The ideal buyer will have experience as an owner or key manager in the Commercial Laundry and Dry Cleaning business.
Tax returns and financial data will be provided to qualified prospective buyers.
The company did $12,000,000 in 2017 which represented a $1,000,000 increase over 2016.
Profit running 25% this year.
In 2012 did a 20 year lease with options.
They are selling
A profitable business
Equipment
Organized business
Equipment is all paid for.

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Market Competition and Expansion:

Strong reputation for excellent/quality work supported by a company wide constant customer focus. Leverage established reputation for excellence enhanced by the strong customer focus and dedication to quality work.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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