Gulf Coast Dry Cleaner Service with Real Estate Included

Asking Price$1,150,000

Cash Flow
$214,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,080,000

InventoryNot Disclosed

FF&E$240,000
Included in asking price
Real Estate$450,000
Included in asking price
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Gulf Coast Dry Cleaner Service with Real Estate Included


Asking Price$1,150,000

Cash Flow
$214,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,080,000

InventoryNot Disclosed

FF&E$240,000
Included in asking price
Real Estate$450,000
Included in asking price

Seller Financing Available
Business Description
Dry Cleaning is High Profit
This dry-cleaners is not your average dry-cleaners. It has seven satellite locations for picking up and dropping off garments and one huge processing plant. Each location is in a different city or area, allowing the company to pick up business in areas that don't have competition and expand it's reach. It also works with a local laundromat and picks up garments from there as well.

This dry cleaners is the largest in the area and has the large processing plant's real estate included in the asking price. Real Estate is worth 450k but included in asking price.
It's also primed to grow. A new owner could open more storefronts in areas without competition or start offering delivery.
About the Business
Employees
24
Facilities & Assets
Large 6,000 foot processing plant goes with the business and is included in asking price along with the work vans, dry cleaning equipment, and all of the furniture in the drop-off/pick-up storefront locations. The satellite locations are leased.
Market Outlook / Competition
In several of the highly populated ares with storefronts, there is no competition at all. This means that if someone there needs a suit pressed, they can either drive 45 minutes or go with this company.
Opportunities for Growth
A new owner can easily set up more pick-up and drop-off locations or start offering delivery (for a fee). Both options would increase revenue.
Real Estate
Owned or Leased
Owned
Included in asking price
About the Sale
Seller Motivation
Retirement
Listing Info
ID
2126405
Listing Views
5029

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Business Listed by: Gene Townley TNT Business Brokers

Listing ID: 2126405 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.