Choose your country

Or view all businesses for sale



Midwest Laundry, Dry Cleaning, & Carpet Cleaning Business For Sale

Ohio, US
Asking Price:
$5,000,000 Furniture / Fixtures included
Sales Revenue:
Cash Flow:

Rare Acquisition Opportunity: Profitable, Established Market Leading Brand Name!

Highly recognized, long tenured, and successful laundry, dry cleaning, and carpet cleaning business is offered for immediate sale by retiring owner. Located in a growing, desirable, and populated metropolitan Midwest market, this operation has a successful multi-decade track record of delivering customer satisfaction to its clients while delivering superb returns to its shareholders.

The business has a proven, long standing success formula which will enable new ownership to generate returns on Day One. Institutionalized processes, convenient customer-driven facilities, diversified service offerings, talented management team, respected brand name, and a highly loyal customer base are just a few of the critical value drivers. Key reasons to acquire:

1) Consistent, profitable growth and exceptional proven financial performance
2) Market leading brand equity which generates significant pricing power above competition
3) Proven customer loyalty with an unequaled, decades-in-the-making database
4) Broad service offerings -- laundry, alterations, dry cleaning, carpet cleaning and more
5) Expansive geographic footprint serves a diverse, populated, and growing marketplace
6) Diversified customer base including commercial, industrial, and residential clients
7) Multi-channel delivery -- 11 in-store retail locations plus free delivery routes (10)
8) Point of Sale system provides timely, centralized management oversight & control
9) Clean books, professional record keeping, & annually CPA-reviewed financial statements
10) Company-owned processing plant, corporate headquarters, and flagship retail real estate

Over the last 4 tax years, annual weighted average business revenues of $8.3M generated a healthy $790,000 in annually weighted average cash flows. The 7.1% adjusted margin is clear evidence of the company's favorable pricing position (and carpet cleaning business mix) when compared to the typical USA dry cleaner according to IBIS World data (5.2% profit margin). The founding guiding principle of the company – Professional Cleaning Expertise and Outstanding Customer Service – has now become an established brand hallmark and sustainable competitive advantage. The new ownership team will also become the benefactor of the already invested, significant capital expenditure in a 29,874 square foot central laundry processing facility (which also houses the flagship retail location and corporate offices), combined with a network of convenient leased locations, the business is well positioned for growth while it continues to leverage its premium margin position in the marketplace.

SPECIAL FINANCING TO QUALIFIED BUYERS ... Only 10% buyer contribution ($500,000) required on a 25 year combined business and real estate loan at 6% interest. Full details are included in the marketing materials.

Property Information

Real Estate:

Real Property Included

Premises Details:

This business has a significant, dominant, and market leading presence within a major Midwest market. The main facility is a company-owned 29,874 square foot laundry processing plant which houses the flagship retail location and corporate offices. The plant is located in a business center (including favorable grand-fathered zoning) which is nestled in a highly, desirable residential district situated close to downtown, prime shopping, and popular eateries. The location offers superb highway accessibility enabling convenient access to the entire metro customer base while supporting the 11 in-store retail locations (which are leased properties). The company-owned building is on a 3/4 acre land parcel. Also included in the offering is a property adjacent to the processing plant real estate which serves as valuable employee parking.

Business Operation

Expansion Potential:

While the company has diversified its offerings over time, there are both: 1) service line extensions and 2) adjacent market geographic expansion options. The company has strong ownership of "residential and commercial cleaning" branding in this market which opens up expansion options into areas such as maid services, window cleaning, automotive detailing, or power washing, etc. Geographic expansion into large adjacent territories via leveraging of the existing service offerings and present brand equity is also another growth avenue.

Competition / Market:

The laundry and dry/carpet cleaning industry in this market is characterized by a multitude of smaller, somewhat fragmented players and 6-7 medium sized, multi-store brand names. The offered company is by far and away the clear market leader in all key performance measures -- tenure, brand equity, size, geographic footprint, service menu, financial results, pricing power, and owner loyalty. The race for a distant second place are companies 25-30% the size of the market leader.

Reasons for selling:

Owner Retirement ... but the Professional, Motivated Management Team Remains in Place.

Trading hours:

Mon-Fri 7am-7pm; Sat 8am-3pm

100 FT / 30 PT
Years established:

Other Information

Support & training:

The company offers a comprehensive menu of services around its cleaning brand expertise:
* Dry Cleaning (Store Locations and Route Territories)
* Tailoring and Alterations
* Laundry (Wash and Fold)
* Household Item Cleaning
* Garment Restoration
* Residential Carpet Cleaning
* Commercial Carpet Cleaning and Floor Care
* Area Rug Cleaning
* Suede and Leather Cleaning

Financing available:

Lender pre-screened with $500k down.

Furniture / Fixtures value:
$1,500,000 - included in the asking price
This business can be relocated.

Contact Murphy Business & Financial

  1. This email address is already registered. Log in to continue.
      1. Postcode not found. Please try again

    1. or
  1. What will I receive? is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

  2. What will happen?

    When you tick this box we will pass a copy of your details (excluding your message) along with the name of the business you inquired on to finance specialists Guidant Financial. They will contact you about financing your business purchase.

By submitting this form, you confirm that you agree to our terms and conditions. Please note that will send the above details to Murphy Business & Financial. For more information about how we use your data, read our privacy policy.

Selling a business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.

Sell Your Business