Profitable Dry Cleaning Business, Built for Growth

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Asking Price:
$1,700,000

Gross Revenue:
$2,124,498
Cash Flow:
$426,189
(Seller's Discretionary Earnings)

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

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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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.

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:
California
Year Established:
1985
Number of Employees:
32
Real Estate:
Owned
Building Sq. Ft.:
6,200
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About the Sale

Reason For Selling:
Retirement
Training/Support:
4 weeks 20 hours per week

Listing Info

ID:
1628776
Ad Detail Views:
1014

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Business Listed by

Raj Sathyaseelan

LINK Silicon Valley
License# 02071580

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