14-South Miami Commercial Laundry for sale

Reason for Sale: Long commute to the business.Est 15 year old Commercial linen & coin laundry in one location.Services offerered are linen cleaning,self serve,dry clean,wash n fold & alterations.Comm’l linen operation services restaurants,hotels,medical clinics. Website helps generate new comm’l accounts. 50 % of the sales are linen/ 40 % coin op (self serve).2 delivery trucks included in the sale. 2 exp drivers covers 2 routes. Lease extends to 2015. Over $250k worth of equipment. Owner benefit $270k +
| Data Source | Owner to Prove | Owner to Prove | |||
| Year (Cash Flow) | 2010 (Y) | 2009 (Y) | (N) | ||
| Gross Revenue | 517,500 | 443,963 | 0 | ||
| Cost of Goods | 0 | 66,821 | 0 | ||
| Gross Profit | 517,500 | 377,142 | 0 | ||
| Expenses | 246,516 | 265,187 | 0 | ||
| Net | 270,984 | 111,955 | 0 | ||
Owner Benefit: $271,000
Asking price: $660,000
For more information, contact UR-COUSIN Emile Farah at the following: 305-754-1000 or send an e-mail to farah@farahreacquisitions.com

