Laundry & Cleaning Supply Manuf. and Dist.
Kings County, NY

Financing: $500,000.00 Down and $1,200,000 over 10 yrs. @ rate TBD. THE NOTE MUST BE COLLATERALIZED.

Reason for Selling:Retirement.

Laundry & Cleaning Supply Manufacturing and Distribution. This Brooklyn based business manufactures and distributes laundry and cleaning supplies to the tri-state area. The business is located in a 10,000 sq. ft. warehouse that is leased at $12,500 per month. The sale price includes all manufacturing equipment and eight delivery trucks. Sale price does not include inventory. While the owner has specialized in the retail laundry industry (90% of sales. The other 10% is to retail dry cleaners), there is room for growth in many other areas such as restaurants, car washes, and commercial laundries. The business has over seven hundred customers. The owner has owned the business since 1991 and the business has seen growth every year since then. They sell over 128 items B to B. THERE IS NO WEBSITE OR SALES TEAM. These additions could grow the business significantly. There are only 2 other companies in this space in all of NY State. In the past year the business grossed approx. $5,400,000.00 (sales consist of cash and credit) with a net income of approx. $400K. THE SELLER WILL PROVIDE FULL FINANCIALS IN FACE TO FACE MEETINGS ONLY. The owner is willing to stay on for at least 3-6 months to aid in a smooth transition. We ask that any candidates provide proof of liquid funds for at least $700K ($500K downpayment and $200K in inventory). We are seeking a serious and qualified buyer with the funds and some business experience. Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.