SOLD This Business is a Commercial Launderer based in Northern Minnesota and has been established for over 30 years. The Sellers opened the location in 1989 and sales have been steadily increasing. The current Owners operate the Business with. There is opportunity to grow by adding additional commercial accounts within the capacity of the existing infrastructure. Currently the business does not advertise, have a Website, or actively pursue growth and Revenues have been steadily increasing. New accounts have been added in 2020 simply by word of mouth. Partnering with associations, Advertising, and establishing a web presence would realize additional growth. A commercial laundry drop service could also be added. Currently most all the Business is by delivery. The Real Estate is also included in the sale.
Commercial Launderer for sale in Northern Minnesota SOLD - SOLD
Business Name: | H & S Enterprises |
Asking Price: | $422,000 |
Categories: | |
Reason For Sale: | Retirement |
Posting Date: | 08/25/2020 |
Gross Sales: | $376,000 |
Cash Flow: | $141,000 |
Facility: | The Sellers purchased the Real Estate in 1989 and built the location to suit for the Laundry. The 2,900 square foot Building has ample parking and is located in a highly visible part of town. |
Employees: | 5PT |
Listing ID#: | 8306mt |