1. Home
  2. Businesses for Sale
  3. New Jersey
  4. Dry Cleaning/ Laundry Services
This Business has been Sold!
Closing Date: 07/06/2018

Business for Sale Summary

Linens and Laundry Supplier in Mercer County, NJ - 28971

Business Type: laundromats,misc. servicel/non-classifiable,other business services,dry cleaning/ laundry services
Sold
Linens and Laundry Supplier in Mercer County, NJ
On July 6th 2018, The Undersigned
Acted as the Advisor to the Deal
Fernando Dager
Fernando Dager Senior Broker
Servicing: Bergen County NJ, Essex County NJ, Hudson County NJ, Monmouth County NJ, Morris County NJ, Ocean County NJ, Passaic County NJ, Sussex County NJ
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.

Financial Information (non-confidential)

General Information
Asking Price $1,895,000 Down Payment $1,895,999
Gross Revenues $2,122,000 Lease Remaining Register Free to View
Owner’s Cash Flow $390,000 Number of FT Employees Register Free to View

Financing

$1,895,999 Down and 100% CASH BUYERS ONLY

Business Description

Family-owned and extremely well-established, with immediate positive cash flow. This is a serious player in the linens and commercial laundry space, delivery-to-your-place of business. Hundreds of client relationships already established throughput the region, which can be expanded with additional sales resources. The facility has some of the best equipment available, and has an established, loyal workforce. Current client services include, but are not limited, to organic linens, apparel, uniforms, aprons, towels, bar mops and floor mats, to great clients, such luxury hotels. Lenders standing by for qualified buyers. This would be a great opportunity for an existing player in the business to expand their footprint. Location is between NYC and Philadelphia. Aggressive expansion can put you in one of the most affluent corridors in the nation. Combined population- over 25mm. There are 3,525 hotels in the region, and thousands of restaurants. This is an incredible opportunity for growth. The sale includes a separate single retail operation as part of the package. There are a total of 17 retail locations to serve a population of 88,000 people. This is very good profit center on it's own. Completed financial information and details of the business will be released to qualified buyers. No seller financing, and proof of funds required. This is an ideal opportunity for an existing company to acquire and expand footprint into a new market. For further information, please contact the broker at 1-877-735-5224.

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. kg

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.