Cooperative Laundry (“Co-Op”) is an innovative commercial laundry business that combines the latest commercial laundry technologies with superior and consistent quality thereby delivering exceptionally efficient, best-in-class commercial laundry services to hotels. Co-Op will be focused on serving the housekeeping laundry needs of the hospitality industry with a service radius of 2 hours from the Greater New York Metro Area.
Cooperative Laundry is raising $12,500,000 in equity to develop a state of the art facility located in Kearny, New Jersey. The plant is scheduled to become operational in the fall of 2018.
KEY DEAL TERMS
DEAL TYPE: Project Finance
GENERAL PARTNER: Kuzari Group
MANAGEMENT TEAM: Incumbent
KEY DEAL TERMS
TOTAL INVESTMENT AMOUNT: $12,500,000
UNIT SIZE: $250,000
CLOSING DATE: 7.31.2018
KEY L.P. TERMS
L.P. CAPITAL: Preferred Equity
CARRIED INTEREST: 49% of Common
ASSET MANAGEMENT FEE: 2% of Revenue
Cooperative Laundry Brochure
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