38 Years Established Commercial Laundry
Not Disclosed, FL Palm Beach County
Palm Beach County
Request More Information Contact the Seller
- RE: 38 Years Established Commercial Laundry
- Contact: Martin Berliant
Quick Facts
| Asking Price: | $900,000 | |
| Annual Revenue: | $1,398,477 | |
| Net Profit: | $150,527 | |
| Cash Flow: | $150,527 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $1,190,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1988 | |
| Employees: | 18 | |
| BBN Listing #: | 1016729 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
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.
Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.
Reason for Selling:
Retirement. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Florida businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
Request More Information
