Well Established Profitable Cleaners on Main Street Next To "El" Stop

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HIGHLY Profitable and Completely Turn Key! Owner Will Train!
Asking Price:
$147,600

Gross Revenue:
$168,000
Cash Flow:
$73,800
(Seller's Discretionary Earnings)

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

FF&E:
$80,000
included in asking price

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Business Description

This beautiful Skokie location has served as our company's main processing plant for 8+ years. It has a wonderful and loyal customer base that pays substantially higher than the neighborhood average for our services since we are known for our high quality.

We've grown our business now and will be moving to a larger facility in 2018. This is a somewhat unique offering in that you will be purchasing the beautiful storefront, plus the huge space for a plant in the back, but we will be removing the actual plant equipment prior to our move.

However, the infrastructure of our plant will remain intact: the gas, water, electric, etc. from the plant itself was about a $75,000 expense. Getting village approval and a certificate of occupancy for a dry cleaning plant cost another $25,000-$35,000. All of this is completed already and waiting for new equipment to be purchased and simply hooked up.

*Note* Buyer will be required to change business name and exterior/interior signage.

About the Business

Year Established:
2004
Number of Employees:
0
Real Estate:
Leased
Building Sq. Ft.:
3,000
Lease Amount/Mo.:
$5,012.00
Lease Expiration:
12/31/2019
Facilities:
Beautiful storefront with faux wood flooring, modern lighting and cabinetry, amble and ample space. Dedicated parking lot. Loyal customer base.
Market Outlook/
Competition:
We are the only higher quality cleaner in Skokie - there isn't any direct competition for the level of service we have come to be known for. The rest of the market is small, independently owned shops.
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About the Sale

Reason For Selling:
Owner has other business interests.
Training/Support:
Separately, we can negotiate our processing of the clothes while you set up your plant. This can be either temporary or indefinitely. Our new processing plant will be only minutes away.
Seller Financing:
Outside financing preferred. Seller financing would increase asking price.

Listing Info

ID:
1351596
Ad Detail Views:
240

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Business Listed by
Michael Bleier

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U.S. Census Data for Cook County, IL
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Cook County, IL
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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.


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