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Dry Cleaning Business - Well Established-affluent Area For Sale

Baltimore County, Maryland, US
Asking Price:
$600,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$763,734
Cash Flow:
$197,430

This opportunity is prescreened for financing with a 10% cash down payment.

This is a well-established dry cleaning business located in an affluent area of Baltimore County. They have one main plant and a second drop-off location. A new owner could increase sales by expanding home/office deliveries and/or adding additional drop-off locations.

Several competitors have closed since the COVID shutdown. The reduced competition has boosted sales since restrictions were lifted in early 2021.

This is an excellent opportunity to enter this industry at a fraction of the cost of starting new.

Property Information

Real Estate:

Lease

Premises Details:

One main plant and one drop-off location.

Business Operation

Expansion Potential:

A new operator could expand on the increasing demand for home and office delivery. Also, a new operator could add more convenient pick-up and drop-off locations or deploy the locker model to easily expand their customer base.

Competition / Market:

The industry remains highly competitive, localized, and fragmented. Since the onset of COVID-19, two local competitors have gone out of business. As of mid-2021, the company has shown a significant rebound, and now with less competition, business is expected to exceed revenue than prior years.

Reasons for selling:

Retirement.

Trading hours:

Mon-Fri 8am-6pm; Sat 9am-3pm

Employees:
7 FT / 7 PT
Years established:
29 Years

Other Information

Support & training:

Will train for 4 weeks @ $0 cost.

No special skills are required.

Financing available:

Lender pre-screened with $60,000 down.

Furniture / Fixtures value:
$175,000 - included in the asking price
Inventory / Stock value:
$2,500 - included in the asking price

Contact Murphy Business & Financial

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