Profitable Dry Cleaner - Plant and Drop Ship Location

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Asking Price:
$285,000

Gross Revenue:
$438,160
Cash Flow:
$62,078
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
not included in asking price

FF&E:
$250,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Family owned and operated Dry Cleaner in a high traffic area. Cleaner has two locations and offers dry cleaning, shirt laundry, alterations, fluff and fold laundry, VIP service to 6 local hotels, and leather care. Company is a well known dry cleaning provider in the area with a very good web presence.

Revenue has nearly doubled from 2015 to 2018 growing by 82%. Adjusted earnings have also shown significant growth going from a loss in 2015 of $32k to a profit of $62k in 2018. Along with the business comes a high quality line of equipment valued at $200k - $250k. Drop location of the business drives 35% of total revenue while the main location is in a highly trafficked area of over a half a million drivers per day.

About the Business

Location:
Hamilton County, Indiana
Year Established:
2015
Number of Employees:
7
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About the Sale

Reason For Selling:
relocating
Training/Support:
4 weeks

Listing Info

ID:
1630895
Ad Detail Views:
0

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Business Listed by

Michael Berry

Transworld Business Advisors of Indiana

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