Services - Drycleaning/Laundry

Asking Price	$1,450,000	Inventory	$200,000*
Gross Income	$1,000,000	Real Estate	$450,000*
Cash Flow	Not Disclosed	Year Established	N/A
FF&E	$800,000*	Employees	18

* included in the asking price

** not included in the asking price

Very well established industrial laundry with a history of over thirty years of servicing high-end hospitality businesses, resorts, and institutions in northern Vermont and upstate New York. This unique offering also provides the opportunity to acquire a significant asset base including the 15,000+ square foot industrial cleaning and distribution facility.

Facilities: The business occupies all of a free-standing 15,320 square foot pre-engineered steel frame building on .90 acres. The property includes 1,320 square feet of finished office area, break room, and bathrooms. The balance of the space is for the laundry plant, distribution area, and mechanical rooms. Property has municipal services.

Competition: Very limited competition, especially in this part of the state. This company has a greater capacity for handling specialty sheets and towels that competitors cannot or chose not to handle.

Growth/Expansion: Greater growth in the hospitality and resort industries.

Support/Training: The daily operations are handled by a plant manager who has been with the business for over 20 years, and who could stay on with a new owner.

Reason Selling: Significant other business interests