This is a lucrative and specialized business operating in the same location for over 30 years with high-end clients bringing in materials to be laundered and ironed. The fabrics are cotton, satin, and linen, primarily bed sheets, bed spreads, shams, pillow cases, drapes and other expensive items from clients out of Beverly Hills, Brentwood, Marina Del Rey, Hollywood homes and offices. Revenues in 2010 totaled $315K and generated profits of $90K. Equipment consisting of 4 Unimac laundry machines, 4 large gas driers, 1 large combination electric/gas iron, water heater, 1 delivery van and miscellaneous other tools of the trade with depreciated value of approximately $28K are included in the remarkable selling price of only $110K. A buyer who could do some of the laundry work would reduce employee salary expense to increase even more the profit margins.
|Annual Sales, USD :||315,000|
|Annual Cashflow, USD :||90,000|
|FF&E, USD :||28,000|