Boasting a 4-year growth trend in revenue and cash flow with a strong 49% profit margin,. Established in 1993 and located in Pittsburgh, PA, this company provides laundering and dry-cleaning services, with a significant portion of its business focused on fire restoration services. They can clean most textiles, including clothing, bedding, drapery, and rugs.
Additionally, they offer route delivery services to their clients within a 20-mile radius. This business serves a diverse client base, including corporate accounts such as Avis, Budget, and ServePro, as well as referrals from insurance companies. The breakdown of services shows that 70% of their revenue comes from fire restoration, 20% from delivery services, and less than 10% from walk-ins. The business operates out of a spacious 6,780-square-foot facility that includes an office space. The dedicated team of 10 staff members includes a general manager, dry cleaning technicians, route drivers, and facility assistants. The owners’ responsibilities are all clerical and can be done remotely from anywhere, while the GM handles all supervision of the staff. The owner is looking to sell as she approaches retirement age. Priced at $1,650,000, a 10% down payment of $165,000 will return $182,279 in the first year after debt payments! There are several avenues for growth, including additional delivery routes extended to commercial clients such as healthcare facilities and restaurants.
- Asking Price:
- $1,650,000 Furniture / Fixtures included
- Sales Revenue:
- $859,809
- Cash Flow:
- $419,847
Business Operation
- Reasons for selling:
-
Retirement
- Employees:
- 10
- Years established:
- 1993
Other Information
- Support & training:
-
1 year
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
10% Buyer Down Payment $165,000
10% Seller Financing $165,000
80% Bank Loan $1,320,000
- Furniture / Fixtures value:
- $462,815 - included in the asking price
- Relocatable:
- This business can be relocated.