Description About This Posting: Commercial Laundry Service
Rising revenue, consistent cash flow, and minimal competition. A rare opportunity!
Amazing opportunity to own the leading commercial laundry business in the Monterey area. This is a family owned operation in business for over 80 years with a great reputation. Clients include restaurants, hotels, resorts, retail dry cleaners and the local community. New accounts are being added steadily due to their superb work ethic and excellent customer service. Dry cleaning services are available, but items are transferred to a third a party. Many dry cleaners in the area do not have the equipment to do laundry services, thus they send their clients' laundry here. Commercial accounts prefer to outsource laundry to professionals working in a well-equipped facility.
This is the only large laundry plant in the local area. The business has all the equipment you need and there is room (and water credits) for expansion. The premises are large, it has its own parking lot, and a separate truck loading area. Experienced employees have been working here for years and will continue to do so for a new owner.
Performance for 2019 was excellent, with a revenue of $1,770,000 and cash flow of $250,000. Based on new accounts and current operations, the owner expects 2020 to be even better. The business is successful, growing revenue makes it highly profitable and with a motivated new owner there are a number of expansion opportunities. The landlord is good and is easy to work with. The owner will provide training and consulting so a new operator will pick up where he left off.
Due to the difficulty of water allocations in the County, it is nearly impossible to duplicate the type of service this business provides.
This business is in a highly desirable location in the heart of the Monterey Peninsula area one of the best places in the country to live and work.
The owner wants to retire to spend more time with family out of the area.
This is an amazing opportunity just waiting for a qualified new operator.
To get more information about this Commercial Laundry Service business for sale in
Monterey County please phone Angelo Aquino (Agent - BRE License #:01928119) at 831-625-5581 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #252066 on BizBen.com. In addition to phoning
Angelo Aquino, make sure you email Angelo Aquino above to get more info about this
Commercial Laundry Service, to ask any questions or request an appointment to see this
business for sale. Thank you.
Related Links And Information Regarding This Posting
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Founder Of BizBen.com (since 1994). I am the Lead Advisor for the ProSell, ProBuy, & ProIntermediary Programs. I consult daily with buyers, sellers, and brokers daily about buying and selling California small to mid-sized businesses. Call 925-785-3118.
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Through creative problem solving, attention to detail, accessibility, & understanding that unnecessary delay is often a deal killer, I work closely with my clients and other professionals to consistently achieve a high rate of closings. Office: 909-255-8353, Cell: 509-951-7230.
John Willingham, CBI, CCIM, Sunbelt Business Advisors & Brokers of Kern, Fresno, Tulare County is dedicated to providing the best possible venue for bringing buyers & sellers of businesses together. Professional, confidential brokerage services to buyers & sellers. 661-332-9401 Cell/Text.
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