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Commercial Laundry and Coin-Operation Laundromat

Maine (Hancock County)

Services - Drycleaning/Laundry | Services - Other Miscellaneous services

Asking Price Not Disclosed Inventory  
Gross Income $731,424 Real Estate negotiable* 
Cash Flow Not Disclosed Year Established 1993
FF&E N/A Employees 23

* included in the asking price

** not included in the asking price

This business began in 1993 in the basement of the food co-op and operated as a coin-up laundromat. As local businesses began to request laundry service the owner took on commercial accounts, eventually outgrowing the space and purchasing a parcel of land across the street with some existing buildings the following year. Construction on a new building was completed in 1995, and the business continued to grow as another commercial laundry business closed and sold its customer list to this company, and new equipment was purchased to keep up with the work. The current owners purchased the company in 2005 and expanded the facilities in the existing building, adding even more equipment and installing a solar hot water heating system, delivery trucks, and making other improvements. Due to the owners dedication, this company has not only doubled its revenues, but has built an excellent reputation in the community. Their services are in high demand, as there are no other commercial laundry businesses in the area, and the company often has to turn new accounts away. There remains room for expansion with the 3,600 square foot building and .4 acres housing the business, and new ownership could expand and add additional clients in the future.

Reason Selling: Owners wish to relocate out of state.

Business For Sale By

Rick Webber

Corporate Acquisitions Group

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