Successful Established Drycleaner for over 60 Years(5 stores)
Business Description
Business has made 2 gens of families wealthy, many commercial accounts
Established in 1958, this iconic dry cleaning empire represents a rare opportunity to acquire a generational wealth-building business with over 65 years of continuous operation across 5 locations in Pinellas County, Florida.
Financial Performance:
- Annual Revenue: $1,500,000
- Cash Flow (SDE): $360,000
- Furniture, Fixtures & Equipment Value: $285,000
- Inventory Value: $65,000
- Real Estate Value: $1,600,000 (owned by business)
- Building Size: 7,800 square feet
Business Strengths:
- Perfect location serving affluent clientele
- Significant commercial accounts providing stable revenue streams
- Market exclusivity in major commercial segment representing 30% of sales
- Most recognized dry cleaning brand in the area
- Proven track record of eliminating local competition
- Operating at only 60% capacity with substantial expansion potential
- Consistent organic growth year over year
Operational Advantages:
The business maintains strong commercial relationships and has built an unmatched reputation in the market. With current operations running at 60% capacity, there exists immediate opportunity for growth without significant additional investment.
Owner Support:
The retiring owner offers comprehensive training and support, willing to remain on contract for as long as needed to ensure smooth transition.
Financing:
Owner financing available to qualified buyers (OAC).
This turnkey operation offers the new owner an established customer base, proven systems, and a legacy brand that has successfully generated wealth for two generations of families.
Financial Performance:
- Annual Revenue: $1,500,000
- Cash Flow (SDE): $360,000
- Furniture, Fixtures & Equipment Value: $285,000
- Inventory Value: $65,000
- Real Estate Value: $1,600,000 (owned by business)
- Building Size: 7,800 square feet
Business Strengths:
- Perfect location serving affluent clientele
- Significant commercial accounts providing stable revenue streams
- Market exclusivity in major commercial segment representing 30% of sales
- Most recognized dry cleaning brand in the area
- Proven track record of eliminating local competition
- Operating at only 60% capacity with substantial expansion potential
- Consistent organic growth year over year
Operational Advantages:
The business maintains strong commercial relationships and has built an unmatched reputation in the market. With current operations running at 60% capacity, there exists immediate opportunity for growth without significant additional investment.
Owner Support:
The retiring owner offers comprehensive training and support, willing to remain on contract for as long as needed to ensure smooth transition.
Financing:
Owner financing available to qualified buyers (OAC).
This turnkey operation offers the new owner an established customer base, proven systems, and a legacy brand that has successfully generated wealth for two generations of families.
About the Business
- Years in Operation
- 68
- Employees
- 18 (15 Full-time, 3 Part-time)
- Facilities & Assets
- This dry cleaner business has all the right equipment for steady growth.
State of the art Sankosha presses, 50 HP Boiler and many skilled staff.
Late model delivery vans. - Market Outlook / Competition
- We have exclusivity in one major commercial market that is roughly 30 percent of sales
We have continued to put the local competition out of business in our market.
The most recognized name in the area for drycleaning. - Opportunities for Growth
- The current facility is running at about 60% capacity and could easily be expanded with little additional effort. Organic growth has been significant and every year the company has grown.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 7,800
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Will provide the necessary support and training. Will remain on contract for as long as you would like.
- Financing Options
- Can provide some financing to suitable of OAC
Listing Info
- ID
- 2200058
- Listing Views
Listing ID: 2200058 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.
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