UNDER CONTRACT - Commercial Laundry and Dry Cleaning Business For Sale

Warren County, NY

UNDER CONTRACT - Commercial Laundry and Dry Cleaning Business For Sale
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Asking Price: $1,900,000

Cash Flow: $700,000

Gross Revenue: $2,110,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $500,000

Established: 1956

UNDER CONTRACT - Commercial Laundry and Dry Cleaning Business For Sale

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Business Description

This business is a full-service commercial and residential laundry and dry cleaner servicing hotels, motels, restaurants and residential customers. The business provides rental linens and processes customer-owned linens, which include tablecloths, napkins, bar mops, kitchen towels, chefs clothes, bed sheets, pillow cases, bath towels, hand towels, wash cloths, bath mats, door mat rugs, etc.

Delivery service is provided to all commercial and residential customers. The business has scheduled routes and days of service which vary by type of customer, geographic location and time of season.

The breakdown of revenue is approximately 80% Commercial Laundry and Linen Supply, 17% Residential Laundry and Dry Cleaning, and 3% Coin-Operated Laundromat. No one customer accounts for more than 10% of annual sales.

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
145,000
Employees:
25-50
Facilities:
The building is approximately 14,500 square feet in size which houses the commercial laundry plant, dry cleaning production, and a retail coin-operated Laundromat. All equipment, including a fleet of delivery vehicles, is in good repair with little or no deferred maintenance
Competition:
Over the years, the business has developed an excellent reputation by providing fast, friendly and superior customer service, backed by the highest quality work available anywhere.
Growth & Expansion:
Several opportunities for improvement exist for new ownership.
Support & Training:
The current owners will stay on for a mutually agreeable, reasonable period of time to train and assist new ownership to smoothly transfer into the Business.
Reason for Selling:
After 43 years of successful ownership, the owners have decided to retire.
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Carl J. Cusano, MBA, CBI

Business Listed By:
Carl J. Cusano, MBA, CBI

Capital Business Advisors, Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Indicates membership in The New York Association of Business Brokers (NYABB).

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