Iconic Dry Cleaner Business For Sale

Asking Price$415,000

Cash Flow
$111,742
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$413,420

InventoryNot Disclosed

FF&E$170,028
Included in asking price
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Iconic Dry Cleaner Business For Sale


Asking Price$415,000

Cash Flow
$111,742
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$413,420

InventoryNot Disclosed

FF&E$170,028
Included in asking price
Business Description
For over 50 years, this family run business has been a staple in the community. With a wide array of clientele, varying from commercial contract's to walk-in business, this location is primed and ready for a new owner. The current owner plans on retiring, but will stay on board to train and support the new operator.
There are a myriad of new ways to scale, including wash and fold services, increasing alterations, additional delivery and pick-up routes, and increasing commercial contracts with other local businesses. .
About the Business
Employees
4
Facilities & Assets
Retail center with high visibility, walk in traffic and next to well known retailers and Anchor Tenants.
Brand new Lochinvar 80 gallon 160,000 BTU hot water heater unit (capable of providing 266 gallons of hot water an hour) and return tank for the boiler. Approximate cost of improvements to convey: $7600.00
Market Outlook / Competition
Little to no competition. Coin laundry business is in a nearby retail center.
Opportunities for Growth
There are a myriad of new ways to scale, including wash and fold services, increasing alterations, additional delivery and pick-up routes, and increasing commercial contracts with other local businesses.
Real Estate
Owned or Leased
Leased
Rent
$4,928.77 per month
Lease Expiration
12/31/2025
About the Sale
Seller Motivation
Retirement
Transition Support
Four weeks, not to exceed 15 hours per week, and consultation after the training period is available as needed.
Listing Info
ID
2312560
Listing Views
1253

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Business Listed by: Leah SIOR Trifecta Commercial Services w/ EXP Commercial

Listing ID: 2312560 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.