MergerPlace

Established Commercial Cleaner/Laundry

New York


  • Asking Price: $10,000,000
  • Gross Income: $12,000,000
  • Cash Flow: $3,000,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #206118
  • Established: 2012
  • Employees: 60

Business Description

Commercial Laundry / Dry Cleaning Company
Serving the hotel industry in NYC.
Customer base includes 20 plus – 3 and 4 star hotels.
Retiring Owners (3 siblings) bring 20 years experience and continue to grow the business every year.
One owner is willing to stay for one year and will work for free for 6 months to provide a strong and profitable transition
Seller wishes to sell to people that share the same passion for customer service.
Buyers must present proof of funds and confirm dedication to drive the company forward.
Asking price is $10,000,000 with $7,000,000 down.
Prospective buyers should provide a solid resume. The ideal buyer will have experience as an owner or key manager in the Commercial Laundry and Dry Cleaning business.
Tax returns and financial data will be provided to qualified prospective buyers.
The company did $12,000,000 in 2017 which represented a $1,000,000 increase over 2016.
Profit running 25% this year.
In 2012 did a 20 year lease with options.
They are selling
A profitable business
Equipment
Organized business
Equipment is all paid for.


Business Details

Primary Business Category: Services - Other Services
Location: New York

Company Information

Year Established: 2012
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 60

Financial Information

Asking Price: $10,000,000
Gross Revenue: $12,000,000
Cash Flow: $3,000,000
Seller Financing Available: Yes

Property Information

Growth & expansion opportunities:

Leverage established reputation for excellence enhanced by the strong customer focus and dedication to quality work.

Competition:

Strong reputation for excellent / quality work supported by a company wide constant customer focus.

Reason for selling:

Retirement

Support & Training:

Owner will stay for one year to support profitable transition and will work for 6 months with no charge.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Vincent Stagliano

Executive Business Brokers