Laundry & Cleaning Supply Manuf. and Dist. - 26842 Business Type: cleaning services,dry cleaning/ laundry services,other business services,mfg businesses,misc. manufacturing/non-classifiable,wholesale/dist businesses,misc. wholesale/distribution/non-classifiable,owner financing available
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $1,700,000 | Down Payment | $500,000 |
| Gross Revenues | $5,400,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $400,000 | Number of FT Employees | Register Free to View |
Financing
$500,000 Down and $1,200,000 over 10 yrs. @ rate TBD. THE NOTE MUST BE COLLATERALIZED.
Business Description
Laundry & Cleaning Supply Manufacturing and Distribution. This Brooklyn based business manufactures and distributes laundry and cleaning supplies to the tri-state area. The business is located in a 10,000 sq. ft. warehouse that is leased at $12,500 per month. The sale price includes all manufacturing equipment and eight delivery trucks. Sale price does not include inventory. While the owner has specialized in the retail laundry industry (90% of sales. The other 10% is to retail dry cleaners), there is room for growth in many other areas such as restaurants, car washes, and commercial laundries. The business has over seven hundred customers. The owner has owned the business since 1991 and the business has seen growth every year since then. They sell over 128 items B to B. THERE IS NO WEBSITE OR SALES TEAM. These additions could grow the business significantly. There are only 2 other companies in this space in all of NY State. In the past year the business grossed approx. $5,400,000.00 (sales consist of cash and credit) with a net income of approx. $400K. THE SELLER WILL PROVIDE FULL FINANCIALS IN FACE TO FACE MEETINGS ONLY. The owner is willing to stay on for at least 3-6 months to aid in a smooth transition. We ask that any candidates provide proof of liquid funds for at least $700K ($500K downpayment and $200K in inventory). We are seeking a serious and qualified buyer with the funds and some business experience. 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.
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