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Established Commercial Cleaner / Laundry, 25% Profit for sale in New York, NY

New York, New York
Maintenance and cleaning
Company Data
Price
$10.0M
25%
Revenue
$12.0M
Top 10%
Profit
$3.0M
3X
Business Overview
About the Company
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.
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