Wholesale Shirt Laundry. High Volume. High Income. Great UPSIDE.

Nassau County, NY

Seller Financing Available
Wholesale Shirt Laundry. High Volume. High Income. Great UPSIDE.
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Asking Price: $695,000

Cash Flow: $248,000

Gross Revenue: $1,200,000

EBITDA: N/A

FF&E: N/A

Inventory: $10,000*

Rent: $4,000 /Month

Established: 1992

*not included in asking price.

Wholesale Shirt Laundry. High Volume. High Income. Great UPSIDE.

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Business Description

An opportunity to purchase a high demand service business.
This service is used by any drop shop, laundromat, and dry cleaning businesses.
Offered at an excellent price.
This size operation rarely comes to market.
All equipment is newer and in excellent condition.
The facility is spotlessly clean and efficiently laid out for maximum production.
Excellent potential to increase accounts and add capacity.
Seller has reduced accounts serviced and has a waiting list of accounts.
Facility can handle an additional 50%+ volume and can add wholesale dry cleaning.
Owner is ONLY selling as he wants to retire.
Sign and send the attached NDA for more information.
brian@elbrokerage.com
F: 201-568-5401
T: 917-834-4063

Attached Documents


Detailed Information

Location:
Nassau County, NY
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
12/31/2029
Employees:
25+Owner
Facilities:
3000 SF facility in an industrial warehouse strip. 10 year lease at $16/SF. $48,000/Year with 3% annual increases. Includes real estate taxes and CAM. Fully equipped wholesale shirt laundry facility. All equipment is newer and in excellent condition. 3 vans included.
Competition:
One of the larger wholesale shirt laundry in the area servicing Long Island and close areas of Queens & Brooklyn. Excellent reputation for quality and service.
Growth & Expansion:
Current owner has reduced the number of accounts due to workload. He has a waiting list of customers which will transition to the buyer. Plant can easily process 50% or more volume. Possibility to add dry cleaning service with additional equipment.
Financing:
Limited seller financing available to a qualified buyer.
Support & Training:
Owner will transition
Reason for Selling:
Retiring
Contact Seller

Contact the Seller

(from currently available funds)
 
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Brian Elkin

Business Listed By:
Brian Elkin

Elkin & Lee Business & Realty Advisors

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Memberships & Certifications:
Indicates membership in The New York Association of Business Brokers (NYABB).

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