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Broker presents the rare opportunity to purchase a long standing dry cleaning business with multiple locations that has well established routes and real estate. This business is non-franchised and is successfully marketed under several trade names in the region. The dry cleaners have a total of four locations including a high-volume plant that operates in a 5,600-square foot building. This real estate in which the plant is located is included in the asking price. Approximately 1,200 square feet of the space is not currently being utilized by the business and could easily be rented for additional revenue. The other three locations have reasonable leases and all of the locations have strong visibility with high traffic in great neighborhoods.
This business is known in the region for providing high quality cleaning on upper end products instead of being the low-cost leader which accentuates their profit margins. The current owner is operating the business semi-absentee as he has a total of sixteen well-qualified and tenured employees. The current owner states that he does have some employees with management potential. A new owner will also enjoy the comfort of knowing that almost all of the dry cleaning equipment is less than five years old. The $200k of equipment includes 3 Vans that operate a smooth-running route service that provides a valued convenience to loyal customers. Other significant revenues are from large local corporate accounts and they also perform dry cleaning services for another local business that are simply provides drop off locations. All four locations have a point-of-sale system and security system in place that can be monitored remotely.
The seller is willing to provide a reasonable training period to ensure the continued success of a business that has been operating for more than 60 years! Additionally, he would even provide some seller financing to the right buyer with a sufficient down payment. He is only selling as he is in the process of relocating his family out of the area. Come see this great business opportunity, meet the owner, make offer!
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.