Posting Details

Commercial Laundry And Linen Plant With Real Estate For Sale - San Francisco Bay Area

San Francisco Bay Area Commercial Laundry And Linen Plant With Real Estate For SaleEnvironmentally responsible commercial laundry & linen plant with real estate

Located in SF Bay area, this well established and highly profitable business is built on great customer service to their upscale and long-term customer base. The biz is open 5 days a week, however, the plant runs 24/7. They have a great crew with key long-term employees in place, the owner works full time dealing with sales, customer service, and staff/administration. They have a full-time engineer/mechanic on staff to take good care of the equipment.
Seller is open to discussing some owner carry back.

Asking price: $7,000,000 (including real estate)
Net operating income: $577,601
Capitalization rate: 8.25%
Cash down required: $1,400,000
Payment: $28,374
Cash flow: $237,113
Cash on cash rtn: 16.93%

Property:
Lot size: 29,000 sqft.
Building #1laundry plant: 10,000 sqft.
Building #2 rental: 6,000 sqft.
Parking: 12
Ceiling: 20ft
Detailed information

Inventory:
included in asking price
Real estate:
owned
included in asking price
Building sf:
16,000
Employees:
25ft
Facilities:
the lot size is 29,000sqft, the plant building is 10,000 sqft and they are renting out a free standing building with 6,000 sqft to a long term tenant. A new lease can be signed with the current tenant or this space can be utilized for expansion as the current plant is running close to capacity. The seller is holding off on renewing the lease with current tenant to allow the new buyer to make that choice. The building has an adequate supply of gas, electricity, and water for this biz.
Competition:
they are not the cheapest but they do provide superior customer service and quick turn around with gives them the edge over their competition.
Growth & expansion:
they currently do not have a proper website or any social media presence. There is room to improve production.
Support & training:
first 4 weeks at 30hr/week. Seller is also willing to negotiate a longer period past the first 30 days, he is willing to stay up to 6 mths to help with the transition.
Reason for selling:
health
The listing # 235528 Commercial Laundry And Linen Plant With Real Estate - San Francisco Bay Area below is currently OFF THE MARKET due to that it is either in escrow at this time or has recently been sold. For more businesses for sale that are like this Commercial Laundry And Linen Plant With Real Estate in San Francisco Bay Area please see a sample of BizBen active listings below and links to all similar listings on BizBen.com.

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