Very Profitable Commercial Laundry

NM

Very Profitable Commercial Laundry
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Asking Price: Get Financing: $1,310,000

Cash Flow: $220,000

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: $697,000

Inventory: $5,000

Lease Rate: N/A /SF

Established: 2004

Very Profitable Commercial Laundry

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Business Description

Well established with long-term clientele!

This extremely successful, full-service commercial laundry facility serves established, long-term customers in New Mexico. The laundry provides pick up, washing, drying, ironing, folding and delivery.

The diverse customer base gives this commercial laundry a stable, consistent work load and cash flow. It employees 18 full-time and five part-time employees working two shifts seven days per week. The laundry serves businesses in the hospitality industry such as hotels, motels, restaurants, and catering companies; the medical community including doctors, body workers, and spas; institutional clients such as colleges and universities; and many others.

The laundry has capacity to wash over 600 pounds and dry over 1,150 pounds per hour. Customers own their own linens and only pay for what they actually use. This is a more cost-effective method than traditional commercial laundry services. In addition, this laundry has a state-of-the-art water recycling system which allows the business to save over 70% of the water it uses. This means less cost and waste, and an extra-friendly impact on the environment.

This business has built a fantastic reputation through exceptional customer service! An opportunity like this one doesn’t come along very often. The potential buyer may be looking to relocate to the southwest and purchase an established, successful business with key managers and staff in place; or may already be in the commercial laundry business and is looking to expand their territory coverage. Seller will stay on for a transitional period to introduce the buyer to key accounts and help them learn the business. This is truly a turn-key, well-run business looking for a new owner to take it to the next level.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
26
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The laundry has capacity to wash over 600 pounds and dry over 1,150 pounds per hour. Customers own their own linens and only pay for what they actually use. This is a more cost-effective method than traditional commercial laundry services. In addition, this laundry has a state-of-the-art water recycling system which allows them to save over 70% of the water they use. This means less cost and waste, and an extra-friendly impact on the environment.
Support & Training:
During transition period
Reason for Selling:
Pursuing other interests.
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Jeannie Randolph

Business Listed By:
Jeannie Randolph

Brio Brokers Group

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