Linen Importer & Laundromat in PA – 3 Revenue Streams! (SOLD)

Price: $900,000

Location: Pennsylvania

Industry: Wholesale and Distributors

Listing ID: 10242023

Don’t miss this opportunity to purchase three revenue streams from one active and two passive neighboring businesses that have been family-run for decades. The ideal buyer would want to be the next hands-on-owner.

The first business is a leading linen importer and wholesaler with over 50 years’ experience in the industry. This well-established business boasts decades of proven success and an unparalleled reputation. They specialize in quality imported all white sheets, pillowcases, and towels, as well as bar mops, aprons and washcloths.  The company owns and manages their own warehouse providing nationwide service, unparalleled quality control and fast shipping.

The adjacent business is a very well-maintained laundromat, which can contribute steady year-round cash flow with minimal day-to-day oversight required. The building is fully equipped with large, efficient, and well-maintained machines. This sale includes fully functional Dexter equipment: Eight 60lb Washers, Twelve 30LB Washers and 13 Double Stack Dryers

This opportunity includes commercial real estate for each business as well as additional multi-family residential real estate (The 3rd revenue stream!!) We will only consider parties willing to purchase both businesses plus real estate. The current owner is looking to retire but he wants to be hands-on for transition of his family business to the next and future owner.

*Purchase price of $900,000 includes: Linen importer / wholesaler and Laundromat
*Inventory value is $1M and is not included in the purchase price                                                                                                                                                                                                                                  *Real Estate value is estimated at $1.2M. Final price determined by appraisal. Real estate is incidental to the sale of the business.

Gross Revenue: $3,700,000

Cash Flow: $425,000

Inventory: $100,000

Real Estate $1,200,000

Reason for Sale:

Retirement

Training & Support:

The current owner is looking to retire but he wants to be hands-on for transition of his family business to the next and future owner.

Year Established: 1971

Employees: 4

Facilities Information:

*Laundromat = 2,750 sqft
*Linen Importer / Wholesaler = 14,000 sqft warehouse space
*Multi-family real estate = 11 apartments

Potential Growth:

There is very little advertising or marketing done for the linen company. New ownership could easily build upon the current brand / name recognition that was built over the course of 50 years, tapping into new market segments and quickly expanding upon existing customer base.