29 Yrs Est Commercial Laundry Company
- Listing Id: 6835
- Broker Name: martin berliant
- Category: Dry Cleaners
- Asking Price: $699,000.00
- EBITDA: $192,125.00
- Real Estate: $1,000,000.00
- Cash Flow: $192,125.00
- Inventory: $200,000.00
- No. Of Full-Time Employees: N/A
- No. Of Part-Time Employees: N/A
- Gross Income: $792,820.00
- FF&E: $250,000.00
- Year Built: N/A
- Address: Click Here
- Zip Code: Click Here
- City: Palm Beach County
- State: FL
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
Profitable 29 Yrs Est Commercial Laundry Business has carved out a very profitable niche servicing area restaurants and country clubs for their linen and laundry needs. Business can be greatly expanded by a full time salesperson, or by an owner willing and able to use the company's excellent reputation to market for new business. Currently utilizing 4,000 sq ft of industrial space housing 8 commercial washers, 5 commercial dryers, and 4 commercial irons. Nineteen full time employees wash, dry, iron, load, and deliver (and pick-up) the laundry to 90 repeat longstanding customers who all have a set schedule. Primarily services linen, table clothes, uniforms, and towels. Current owner has been there for 20 years and looking to move and semi-retire. Sales in 2015 significantly ahead 2014 sales of $792,820 and owner benefit of $192,125. Asking price of $699K includes $200K of inventory (some customers rent linens) and $250K of equipment and three vans worth about $30K each. Please contact Martin Berliant at 561-827-1181 or email for more information. Nondisclosure form is required.
Financial Summary
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