Hot Listing

Successful Dry Cleaning & Laundry Business, Strong Customer Loyalty!

Asking Price$100,000

Cash Flow
$24,422
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$150,520

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

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Hot Listing

Successful Dry Cleaning & Laundry Business, Strong Customer Loyalty!


Asking Price$100,000

Cash Flow
$24,422
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$150,520

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
High Employee Retention, Little Local Competition!
In 1978, the owners began their dry cleaning and laundry business in Sacramento. After numerous years of operations in the same building in which they started their business, they purchased land and built their own dry cleaning and alterations shop, just South of the original location.

In 1996 they sold the land and building but decided to continue working and leasing the space from the new owners. The owners have worked hard to provide quality alterations, laundry and dry cleaning services and have enjoyed the success and pride of running their business for so many years in their community.

DISCLOSURES: Many customers pay in cash.

Business highlights include:
Business holds established standard of quality services
Sustained relationships with customers; some customers have been using business for
decades!
High employee retention
Business remained open and was considered an “essential business” during global pandemic
There is little local competition
The business has had success with very little to no marketing or advertising

For further information please submit any inquiry through this website. You will be required to complete a Non Disclosure Agreement prior to receiving any additional information. Financial information is only provided after the initial phone interview with the Regional Business Broker assigned to this listing. Images on this website are stock images and not actual images of the business. Broker, brokers agents and broker-associates, employees and all other affiliates of Broker have NOT verified any of the information provided here. By submitting your inquiry through this website, you are granting Broker permission to add you to Broker's email subscription list.
About the Business
Years in Operation
47
Number of Employees
3
Facilities & Assets
The business facility is approximately 2,550 sq ft, with plenty of parking and handicap accessibility. The business features a lobby area with reception desk, a small changing room (also used for alteration purposes), a space in back for tagging clothes, a large space in the back that houses equipment and dry cleaning machinery, a kitchenette and bathroom. All equipment is owned. The current owners have a month-to-month lease agreement in place. They have had a very positive experience with current facility owners, who are aware of the potential sale.
Market Outlook / Competition
The business sees local professionals as well as clients from the trades and working class as their primary
clientele.
Company breakout of services is as follows (approximately): 80% cleaning services, 20% alterations.
More details can be provided during the Exploratory Call with the owner.
Opportunities for Growth
The business has benefited greatly from word-of-mouth referrals. While the business has utilized some print
advertising in the past, they do not currently pay for any advertising or marketing.

The company does not currently utilize any social media platforms or have a website.
About the Sale
Seller Motivation
The owners are pursuing retirement.
Transition Support
The owners are willing to provide a reasonable transition and training period for a new owner the terms of which shall be agreed to and defined in a Definitive Agreement (such as an Asset Purchase Agreement).
Listing Info
ID
2385564
Listing Views
624

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Business Listed by: Darrin Davenport Common Ground Business Brokers

Listing ID: 2385564 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.