Business & property for sale

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Dry Cleaners and Laundromat for Sale
Asking Price:
$400,000

Gross Revenue:
$800,000
Cash Flow:
$150,000
EBITDA:
$624,215
Inventory:
$15,000
not included in asking price

FF&E:
$240,993
included in asking price

Real Estate:
$331,582
included in asking price

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Business Description

A great opportunity for someone to own a below market value business due to retirement. Both locations are in the heart of the residential homes and apartments. It is a turnkey business for a family owner/operator or absentee investor who is looking for a highly profitable business in a busy commercial area with lots of residential homes and apartments.

One location is housed with all equipment and machines to do the dry cleaning and laundry for the whole business. It takes in retail business, has laundromat facilities. It also does the cleaning and finishing of all wholesale accounts and pick-up and delivery from homes and businesses around the Northwest Indiana corridor. There is a full-time seamstress on premises.

The total area of the building is about 18,000 square foot. It is a double-story building which has heavy duty Flexi core floor, ceiling and roof. It is a very sturdy construction. There is an additional land of about 10,000 square foot attached to the building which can be used for any additional business opportunity. There is enough area and equipment capacity available to increase sales volume through retail, commercial, pick-up and delivery efforts.

The second location is a laundromat facility with a drop off for dry cleaning. This is a 9,000 square foot building with a large parking facility for parking for customers.

It is a one-stop cleaner for men and women suits, shirts and blouses, skirts and pants/slacks/jeans, wedding gowns, robes, blankets, comforters, leather cleaning, carpets and rugs. It is a business with loyal employees who have been working for many years and are well aware of the operations of the business.

Please contact 219-730-2224 to setup an appointment.

About the Business

Year Established:
1978
Number of Employees:
15
Real Estate:
Owned
Building Sq. Ft.:
18,000
Facilities:
There are two buildings with a huge parking facility for customers. All dry cleaning and laundry equipment is located at one store. The other location is a drop-off facility for dry cleaning and laundry. Both locations have coin-operated laundromat equipment.
Market Outlook/
Competition:
The two locations are located within the city limits and surrounded by residential areas. There are no other dry cleaners or laundromats around both the locations.
Growth & Expansion:
Due to store size and equipment facilities, there is opportunity to expand the operations. Home/Business/Pick-up/Delivery and wholesale accounts can be increased.
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About the Sale

Reason For Selling:
Owner retiring
Training/Support:
Training and support will be provided for 60 days.

Listing Info

ID:
1419025
Ad Detail Views:
55

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Business Listed by
RAFIQ SHERIFF

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U.S. Census Data for Lake County, IN
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Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Lake County, IN
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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