Kootenay Commercial Laundry

Undisclosed Address, British Columbia
Business Opportunity for Sale
Catylist Listing ID: 30197303
Property Subtypes: Business Services
Building Size (RSF): See Agent
Sale Price: $1,598,000
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: All Cash
Last Updated: 11/3/2018

Overview / Comments

Being offered is the premiere commercial laundry facility in the Kootenays. The location is excellent in the city and also very well located to serve the region.

The current owners started the business about five years ago and have developed a very strong business that has many ongoing and repeat customers, excellent equipment and building and a great team of employees.

There is also a division of the business that is located at the same location that does personal laundry service for drop off clients.

The current owner started the business in 2010 and have been located at the current location since 2014 when the current facility was purchased and refurbished.

The business is very strong and there is opportunity for expansion. The current equipment is suitable to double production.

If you are looking for a business opportunity that is well established, room for growth and professionally setup and operated, this should be on your list!

Additional Details

Industry Segment: Commercial Laundry
Reason for Selling: Retiring
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: .74 Acres Wood frame, 2 story, tile roof, stucco siding 3 Phase power Built about 1993 and major renovation in 2014 after a small fire in 2008 the renovations included new wiring, heating, plumbing, insulation. The building was completely redone from the studs out to finished walls. It has plumbing for 3 bathrooms per floor although only using 1 per floor at present time. The others are being used as storage rooms.
Employee/Labor Description: 14 Stable employees
Mgmt/Training Support Description: Yes
Growth/Expansion Opportunities: Growth is available - current owner is not aggressive.

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Contact

Photograph of Listing Agent

Larry Berisoff

RE/MAX Kelowna
Not a member of Commercial First
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