This business has been in the Charleston & North Charleston areas a long time. They have well trained staff offering fast, professional, affordable dry cleaning and laundry services. Plant and multiple locations to take the best care of your wedding dress, suits, work clothes and laundry items. They are here to provide quality services and save customers time at affordable prices.
SBA financing should be possible for qualified buyer.
Call me to set up appointment with the seller to see this excellent business.
About the Business
Number of Employees:
Building Sq. Ft.:
$7,900.00 Per Month
3,600 sf main plant and retail store plus 1250 second drop location. Equipment is kept current and well maintained.
This is a well established and professional operation able to compete with any competition. The right buyer can add more locations to expand the business.
Growth & Expansion:
With the growing economy in the Greater Charleston area this is a necessary type business with plenty of growth potential. Their reputation is excellent.
Asking Price: $699,000 Gross Revenue: $740,424Cash Flow: $184,143 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $2,000 included in asking priceFF&E: $156,198 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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 & Conditions.