38 Years Established Commercial Laundry

Description

Commercial laundry business operating in Palm Beach County for 38 years by current owner who is now retiring. No retail. Company strictly services 25-30 large repeat commercial customers (hotels, resorts, country clubs) on a regular basis. Two company vehicles used for pick-up and drop-off. Company utilizes 20,000 sq ft facility with $1.19M of equipment including 7 washers, 6 dryers, two steam boilers, compressors, and two steam presses. Fully staffed with 18 employees to launder, sort, press, fold, and deliver. Owner works about 40 hours per week and will finance up to $300K to qualified buyer. Major room for growth by adding salesman to target new customers in the healthcare or hospitality markets. Sale also includes inventory of over $100K of unused linens, napkins, and tablecloths which may be rented out for party rentals as additional revenue stream. Non-Disclosure form is required.