Business Summary:
*Seller works approximately 15 hours per week. His duties are general oversight. **Replacement cost for furniture, fixtures and equipment, infrastructure build-out (water line, sewer, electric & plumbing, etc.)Seller states the following: Business is long established, business has government, hotel, casino, & hospital contracts as well as retail sales to the public (approx. $20,000 per month); services include laundry, dry cleaning, linens, comforters, uniforms, etc. Seller further states that in order to duplicate this facility it would cost approximately $2,500,000 which includes approx. $500,000 in water line costs alone. Business has a full time manager who receives $4,000 per month plus medical benefits. There is a full time maintenance engineer on staff. This is a turnkey operation that is currently on an upward trend and breaking even per the seller. Seller states that there is no sales force or advertising currently being done. Currently Seller is running only one (1) shift and states you can run up to three (3) shifts at full capacity.
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