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Listed by:

Transworld Business Advisors of Naperville

Prominent Dry Cleaning Business With Property For Sale

Cook County, Illinois, US
Asking Price:
$650,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$635,513
Cash Flow:
$222,778

Prominent local dry cleaning business - with related property - delivering substantial sales and cash flow is ready for new owners!

Investment highlights include:

* Turnkey business provides a range of fabric cleaning, pressing and tailoring services.
* Consistently generates substantial cash flow from large, local customer base.
* Conveniently located on busy commercial and retail street with significant traffic flow.
* Operates in a one-story building on a half-acre lot included with the business sale.
* Well-equipped facility includes washers, dryers, fabric pressing stations and sewing machines as well as sorting bins, racks and storage for cleaning solutions, hangers and garment bags.

The business is being offered with the real estate (building and property, with property being offered by Caton Commercial Real Estate Group (Caton) and Steven P. Eschbach as independent real estate agent with Caton as senior commercial broker), with an asking price of $300,000, making the total transaction value of $950,000.

The retiring business owner is open to providing seller financing and mentoring to qualified buyers for a limited period of time.

Call for more details!

Property Information

Real Estate:

Real Property Included

Premises Details:

FF&E Overview: Furniture, fixtures and equipment included are typical for an established dry cleaning business with tailoring - washers, dryers, pressing equipment, sewing machines.

FF&E General Condition: All equipment in good condition.

Business Operation

Competition / Market:

Growth View Research projects the U.S. dry cleaning and laundry services market will grow at a 4.5 percent compound annual growth rate between 2022 and 2030. Supporting this growth in the near-term is the post-pandemic return to the office while longer-term increasingly busy consumer lifestyles will further drive demand.

Reasons for selling:

Pursuing other interests

Trading hours:

7a-7p, M-F; 7a-6p Sa; Su closed.

Employees:
4

Other Information

Support & training:

4 weeks

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner Terms:$162,500.00 Interest:7% Term Months:36 Monthly Payment:$5,017.53

Furniture / Fixtures value:
$165,000 - included in the asking price
Inventory / Stock value:
$5,000 - included in the asking price