Dry Cleaners - 4 Stores with 2 buildings - Run 100% Absentee

Asking Price$1,600,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,200,000

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$1,200,000
Not included in asking price
listing imageSave

Dry Cleaners - 4 Stores with 2 buildings - Run 100% Absentee


Asking Price$1,600,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,200,000

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$1,200,000
Not included in asking price
Business Description
Full Service Dry Cleaning plant with 4 drop stores.

Run totally absentee as owners live in different states.

This branded dry cleaners has been serving New Haven and Litchfield County for over 3 years.

They have been growing year over year and have rebranded the stores they have acquired to one consistent quality name with streamlined operations, marketing and service.

The sale includes one fully equipped plant and 3 drop stores. The 2 buildings are being valued at approx. $1,200,000 and the dry cleaning business at $400,000.

1) The plant is a free standing building with a shared parking lot in an excellent shopping district and is approx. 5200 sq ft and valued at approx. $900,000.

2) The first drop store is in a free standing building with a private parking lot on a main street and is approx. 1400 sq ft and valued at approx. $300,000.

3) The second drop store is in free standing building with a private parking lot on a main street and is approx. 1200 sq ft. Rent is approx. $2335.

4) The third drop store is in a small strip center with private parking on a main street and is approx. 1200 sq ft. rent is approx. $1700.

The stores currently generate about $1,200,000 in revenue across the 4 locations with 16 employees.

The partners all live out of state and managing the business from that distance has made it more challenging to grow the existing business through both organic methods and acquisitions.

Experienced staff are all staying on.

Established and growing business that has developed a loyal local customer base with its services of dry cleaning, wash & fold and alterations in just 3 years. This is an excellent opportunity to acquire a growing business with a stable and growing customer in 4 desirable markets in Connecticut. Turnkey and absentee owner gives new buyer lots of flexibility to keep running and growing the business absentee and/or get involved as an owner operator.

A strong foundation has been built and everything is here (facilities, staffing, training, operations, marketing, etc.) that is needed to walk in, take over and continue to build sales.
About the Business
Real Estate
Owned or Leased
Owned
Not included in asking price
Listing Info
ID
2491769
Listing Views

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: John M. Bedosky JB & Associates

Listing ID: 2491769 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.


Similar Listings
Catering Group
$550,000Catering GroupNew Haven County, CT
Steri-Clean
$65,000Steri-CleanFeatured Franchise