Dry Cleaners and Laundry - multiple locations
| Asking Price: | $3,200,000 | Inventory: | |
| Gross Revenue: | $2,500,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $825,000 (comments below) | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: projected 2009 | |||
| Cash Flow Comments: Discretionary earnings | |||
There are laundry and dry cleaning companies in every city and town. Most aspire to simply provide their customers with service good enough to keep the customer satisfied and coming back again. This company is committed to a level of service which most other cleaning companies cannot even begin to rival. Everyone in our society is busy. Customers’ lives are full of work, family, play, and other commitments. The very nature of our society has become one of seeking releases from mundane chores and non-productive activities. Witness the growth in the number of restaurants, car care centers, and pet care facilities. Patrons value services which simplify their lives and remove some of the tension and pressures of these time commitments. The Owners have successfully priced their services at the top of the local market because they have honed the “perception of value” in their customers. The Company’s employees are focused on providing a quality service experience which more than meets the customer’s expectations and gives the customer a sensation of “Wow!”. This is neither an offer to sell nor a solicitation to sell securities.
About the Business
Year Established:1999
Employees:22 full time - 12 part time
Facilities:Multiple locations in strategic locations within the trade area.
Market Outlook and Competition:The local city and county area is growing at a rapid rate. Overall population for the city grew by approximately 25% from the 2000 census to 2005. This growth provides for additional opportunities for additional stores in the city as well as additional stores in neighboring cities. These rapidly growing areas should also provide sufficient growth to support additional pick-up and delivery routes in those areas.
About the Sale
Management Training and Support:Seller is willing to remain for a reasonable transition period. Seller will also enter into a non-compete agreement.
Reason For Selling:Seller and husband have numerous other business interests and wish to focus on others.
Seller Financing:Seller is willing to finance a portion of the business depending upon other terms of the agreement
KEYWORDS: Dry cleaners, laundry, multiple locations
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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. Please review the full Disclaimer here.
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