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Business for Sale Summary

Commercial Laundry Service - 28144

Business Type: cleaning services,misc. servicel/non-classifiable,other business services,new to market,seller financing available,dry cleaning/ laundry services
Commercial Laundry Service
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Financial Information (non-confidential)

General Information
Asking Price $900,000 Down Payment $475,000
Gross Revenues $1,010,000 Lease Remaining Register Free to View
Owner’s Cash Flow $250,000 Number of FT Employees Register Free to View


$475,000 Down and $425k over 7 yrs @ 5%

Business Description

Long Established (40 yrs) Commercial Laundry serving hotels, Country clubs, Caterers, Colleges,Medical, etc. Picks up and Delivers-3 trucks. Also rents linens, 25,000 lbs. per week. 100 accounts- only 5 days and no night shift- turns down $150k of work that is 7 day work.Semi absentee because of illness.No marketing, soliciting and salesmen.Turns way calls from NYC and only serves Nassau and W.Suffolk. Opportunity to put idle equipment to work by accepting additional work that is turned away away. Two high pressure boilers, water heater,2 pressers 2 folding machines,250b washer, Ten 50-80lb washers and much more equipment. Fluency in Spanish is strongly recommended.Proof of funds and some relevant experience is required. Contact broker Joseph Stansky for more details. Please call 1-877-735-5224 for further information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.