This is a rare opportunity to purchase a commercial laundry service business in the greater Austin, Texas market.
One location with no customer concentration (15% for largest) and about 60 clients currently. The business operates with well-maintained high-end equipment such as Milnor, Huebsch, Lavatech and Chicago. They are staffed to handle the workload and are currently running at about 40% capacity. The new owner could easily assume some of the labor as an active owner. Accounts Receivable stays current.
Depending on the new owner’s ambitions there are several ways to expand the business potential. There are numerous opportunities with short term rental clients, hotels, clothiers, and restaurants within their market area. Business has two delivery vehicles and can service the greater Austin area.
Cash Flow of $159k includes replacing the passive owner. Owners work combined about 60 hours per week in the business.
The facility is 17,000 SF building and sits on 3 acres in a 10 acre parcel that may be available for purchase. Currently only using 9,000 Square Feet of the building.
Financial Information
Asking Price:
Negotiable
Down Payment:
50%
Annual Receipts:
$1,060,000
Cash Flow:
$200,000
Mortgage
Seller Financing:
Available depending on the structure and credit worthiness of the buyer.
