Wholesale Linen Rental Business With Real Estate For Sale in New Jersey
(Wholesale , Rental)
New
Listed Price: $ 4,500,000
Listing ID: 1579
Listing DetailsGross Revenue: $ 4,196,850
Cash Flow: $ 641,065
EBITA: $ 641,065
Real Estate: $ 1,300,000 (Included in Price)
Inventory: $ 1,300,000 (Included in Price)
Reason for Sale:
Retiring
Training & Support:
4 Weeks
OperationsYear Established: 1993
Last Acquired: 2008
Days & Hours of Operation: 7am-5pm Monday thru Friday. Closed Saturday and Sunday
Employees: 48
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 34000
Type of Location: Stand Alone
SummaryBusiness Description:
New Jersey wholesale linen rental business offering tablecloths and napkins for caterers, hotels, party planners, restaurants and events. The sale includes 8 trucks, $1.3 million in inventory, a 28,000 sqft warehouse, an additional 6,000 sqft warehouse on 1.3 acres, and 3 other properties. Owned and operated for 17 years, seller works 24 hours per week and willing to hold $1.5M in financing. Turnkey operation. For 10 months 2025 gross sales $3,247,400 and net $473,000.
Financing/Terms:
Seller will hold $1,500,000 at 6%, 5 yr ball/20 yr payout