Established Commercial Cleaner / Laundry, 25% Profit

New York, New York

Business Summary: Commercial Laundry / Dry Cleaning CompanyServing 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 transitionSeller 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 sellingA profitable businessEquipmentOrganized businessEquipment is all paid for.
Year Business was Established: 2012
Number of Employees: 60
Facilities / Terms of Lease: 10,000 sq. ft.
Potential Growth/Expansion: 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.
Owner willing to finance: 3,000,000
Owner willing to train: Owner will stay for one year to support profitable transition and will work for 6 months with no charge.
Reason for selling: Retirement