Laundry & Dry Cleaning

Contact Seller
Asking Price:

Gross Revenue:
Cash Flow:
(Seller's Discretionary Earnings)

 Not Disclosed
 Not Disclosed

included in asking price

Real Estate:
not included in asking price

Share this business:

Business Description

This regional chain provides laundry/dry cleaning services through multiple retail service locations. The Company also provides wholesale laundry/dry cleaning to two service locations not owned or operated by the Company. In addition, the Company has an agreement to supply laundry/dry cleaning services to a large commercial account. Company vehicles pick up laundry from the service locations, deliver it to the dedicated Company-owned plant where the cleaning work is performed after which it is returned to the service locations. It should be noted for environmental concerns that the Company's "dry cleaning" process utilizes organic petroleum-based hydrocarbon cleaning solvents NOT perchloroethelene ("perc" or PCE) solvents which have been shown to be a contaminant.

About the Business

Year Established:
Number of Employees:
17 FT/12 PT
Real Estate:
The heart and hub of the Company is the centralized plant. The modern 7,700 square foot plant sits on a one acre site in an industrial park. The Company utilizes current technology to quickly and efficiently perform cleaning services for each account. This type of operation allows the Company to achieve economies of scale which provide a distinct competitive advantage in the markets they serve. The owners own the plant Real Estate and one retail service center. These two properties are leased to the Company by the owners and are not included in the sale price. The Company owns one service center and leases four others. The owner anticipates no difficulty in renewing and extending leases at current rates for the occupied leased property. There is approximately $50,000 of the $119,000 allocated to rent expense to cover the purchase price of the $725,000 Real Estate.
Market Outlook/
The Company enjoys a commanding presence in it's largest market, outnumbering competitors three to one. In other locations, the Company is the sole provider of laundry/dry cleaning service. The hub/spoke operation model provides economies of scale reducing per unit cost, thus the Company is the low-cost market leader.
Growth & Expansion:
Since the cleaning plant is not operating at peak capacity there is opportunity for growth by adding new accounts or service locations while utilizing the excess capacity of the existing equipment and labor force. With additional capital expenditures, for example, another dry cleaning machine, plant capacity would be increased significantly. The owners have planned for this type of expansion and have allocated space in the plant for additional equipment. Additional opportunities exist in area communities which are not served or are under-served with regard to laundry/dry cleaning services.
Contact the Seller

About the Sale

Reason For Selling:
Owners are ready to retire.
Will train for 4 weeks @ $0 cost.
Some knowledge of laundry/dry cleaning equipment would be helpful but not necessary since maintenance of the equipment can be outsourced.

Listing Info

Ad Detail Views:

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

Scott Belden

Murphy Business & Financial Corporation

 Show Phone Number

View My Active Listings
U.S. Census Data for Missouri



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 Missouri


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.

Similar Listings

Report an Issue 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.