This Business is an established Commercial Launderer based in the East Metro of Minneapolis/St. Paul. The Seller has operated the Business for over 18 years and has continually updated equipment and processes. The current Owner employs two managers who oversee operations, are aware of the sale, and are willing to stay with the Company. There is opportunity to grow by adding additional commercial accounts and additional shifts within the capacity of the existing infrastructure. There is an excellent customer blend of commercial and wholesale accounts. Industries served include hospitality, light medical, party rental and events, food and beverage, and other wholesale partners. The Company processes both their owned rental linens and customer owned linens. There are two delivery vehicles which service the established route as well as retail drop-off and pick-up revenue. The Real Estate is also included in the sale.
Commercial Launderer for Sale with Real Estate - SOLD
Asking Price: | $1,489,000 |
Categories: | |
Reason For Sale: | Other Business commitments are requiring a lot of time and travel |
Posting Date: | 09/13/2022 |
Gross Sales: | $560,000 |
Cash Flow: | $268,000 |
Facility: | The Real Estate is included in the sale or available for lease. The 5,600 square foot Building has ample parking, is located in a highly visible part of town, and includes two parcels. The Seller has invested over $300,000 in equipment and vehicles in the last 2 years. |
Employees: | 6 |
Listing ID#: | 8528mt |