Commercial Laundry, Linen and Mat Service

Aberdeen, SD
Brown County


Asking Price: Annual Revenue:
$350,000 $260,000

Services: Dry Cleaning & Laundry


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RE: Commercial Laundry, Linen and Mat Service Broker: Ken
Owner Financing is Available!
cash flow approximately $150,000.00 before debt service

Quick Facts

Asking Price: $350,000
Annual Revenue: $260,000
Net Profit: $150,000
Cash Flow: $150,000
Total Debt: Not Disclosed
FF&E: $380,000
Real Estate: Not Disclosed
Year Established: 1960
Employees: 2
BBN Listing #: 17359596
Broker Reference #: Not Disclosed

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Business Overview:

Excellent startup business. I have to sell due to health reasons. Also my wife and I would like to travel to be with the grandkids. This business requires about 70 hours a week in labor. It would be great for a couple or two individuals. The potential for increased profits are really good. Some one who is sales oriented and/or familiar with online marketing would do really good. I have had seven different like business's in South Dakota that I have sold. This is the last one left. It would take the average person about 4 weeks to learn the business. I would provide 3 months training as part of the purchase price. Last years profit was approximately $160,000.00. So assuming the owners would work in the business, they would have that amount available for debt service and owners compensation. First year sales increase should be at least $80,000. Also this would increase profits by at least $40-$50,000.

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Market Competition and Expansion:

We have a customer prospect list of customers who have called to possibly set up service, due to my health, i have decided to wait to increase the business until I sell it. We do have the stock on hand to increase the sales by at least 50%.

Reason for Selling:

Retiring

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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