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#Business ID: 19225

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Wholesale Shirt Laundry Business

Business Location: Queens, New York, United States

Asking Price: $ 550,000 Revenue: $ 1,040,000 Cash Flow: $ 250,000

Business Summary

A unique business with a solid established customer base, strong growth potential for an owner operator to over double the customer base. Plant has capacity to process 50% more volume with existing staff.

Centrally located to expand to multiple potential customers within a 30 minute delivery radius.

Well priced to sell.

Facilities: 4500 SF facility with a 10 year lease at $2,456/month with 3% increases. Taxes $2,000/year. Fully equipped wholesale shirt laundry. 3 vans included.Up-to-date equipment.

Property Details

Years Established:

1965

Property Type:

Lease

Other Business Details

Competition:

This laundry business has 45 accounts, mostly in NYC with no account more than 5% of sales. High demand for this service from dry cleaners and laundromats.

Expansion Potential:

The owner does not pursue new accounts. Centrally located to service the boro's and close to airport hotels that have potential to become major laundry accounts. The facility only does wholesale shirts currently but can also do linens.There are numerous dry cleaners and Laundromats in the surrounding boro's that can be new customers.

Business Operation Details

Employees:

20

Support & Training:

Owner will transition.

Miscellaneous Details

Reason For Selling:

Retiring.

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