A dry cleaning business for sale, including real estate with an active tenant and top-of-the-line equipment, is available for acquisition. This business was first established three decades ago, in 1992, with the owner of the business replacing the machinery with hydrocarbon machines several years ago. Most of the customers consist of repeat customers and local corporate employees that have only grown over the longevity of this business. Competition can also be expected for this type of business. Although some corporate competitors are within the local area, corporate dry cleaners cannot compete with the price point this business provides with quality and speed. Gross sales were $25k/month on average for the dry cleaning plant, with $3k/month in rental income that is made from the next-door tenant. Word of mouth has always provided consistency for this business in sales. Still, local marketing is needed for the current business to generate more revenue and increase cash flow. The property also has abundant land to utilize for new development to create new sources of revenue and increase property value. This is a great opportunity for potential buyers that want a steady business and long-term rental income.
- Asking Price:
- $1,300,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $310,831
- Cash Flow:
- $100,119
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
This business is located in a 4,576 SF free-standing building with 3,576 SF allocated to the dry cleaners and 1,000 SF tenant that has been at this location for many years providing rental income. All the equipment is top-of-the-line and in fantastic condition.
- Size in square feet:
- 4,576 SF
Business Operation
- Expansion Potential:
-
Many opportunities for growth are available for this business and require new energy from a potential Buyer to realize the true potential for this operation. Local marketing and online presence will be huge factors in rejuvenating this business.
- Competition / Market:
-
Few corporate competitors are within the immediate market area, but this business has a much more affordable price point for all its services while maintaining excellent quality.
- Reasons for selling:
-
Retirement/Other Opportunities
- Employees:
- 4FT/2PT
- Years established:
- 1992
Other Information
- Support & training:
-
The business owner will provide the necessary training to transition into this business operation.
- Financing available:
-
100% down at the time of closing or 20% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
- Furniture / Fixtures value:
- $300,000 - included in the asking price
- Inventory / Stock value:
- $2,000 - included in the asking price
