Dry Cleaning Plant with Real Estate

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Great business with competetive advantage
Asking Price:
$6,000,000

Gross Revenue:
$2,005,000
Cash Flow:
$426,189
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
not included in asking price

FF&E:
$950,000
included in asking price

Real Estate:
$4,000,000
included in asking price

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Business Description

This profitable dry cleaning plant has been successfully running for 30+ years located in prime area cities. This business has been built for growth with a central dry cleaning plant and three retail locations serving as the hub and spokes model. Retail locations, lockers and pick up services are the channels that drive demand for the central plant. The current plant utilization is currently at 60% so there is an opportunity for the new owner to increase cashflow by driving sales

The business owns high tech lockers installed in luxury apartments and other high traffic locations allow customers to self-service (drop-off and pick up) through an app.

This business also has partnership with boutique hotels and apartments for pick up and delivery service. Drivers have dedicated routes for pick and delivery with 7 vans included for sale.

Central dry leaning plant is located close to major tech companies and the Real estate is worth $4M.

This business comes fully equipped with Dry cleaning machines, boilers, air compressors, water heaters, sewing, hemming machines and 7 delivery and pick up vans with total tangible asset value of $950K.

This is an excellent opportunity for a buyer to own a well-established business. This business currently does not service dry cleaning for other dry cleaning companies to ensure quality service by maintaining direct relationship with it's customers.

About the Business

Location:
San Mateo County, California
Year Established:
1986
Number of Employees:
31
Real Estate:
Owned
Building Sq. Ft.:
6,500
Website:
linkbusiness.com/businesses-for-sale/SV00020/Profitable-Dry-Cleaning-Bus
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About the Sale

Reason For Selling:
Owner retiring
Training/Support:
4 weeks and 20 hrs a week.

Listing Info

ID:
1638469
Ad Detail Views:
0

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Business Listed by

Raj Sathyaseelan

Link Silicon Valley
License# 02071580

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U.S. Census Data for San Mateo County, CA
Age

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

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U.S. Community Survey Data for San Mateo County, CA
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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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