$1,300,000 Sales, Dynamic Suburban Chicago Chain with Plant R.E.

IL

$1,300,000  Sales, Dynamic Suburban Chicago Chain with Plant  R.E.

Asking Price:$750,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$600,000*

Established:1920

*not included in asking price.

$1,300,000 Sales, Dynamic Suburban Chicago Chain with Plant R.E.

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Business Description

Retiring owner will help New Entrepreneur to become successful

$1,300,000 Sales, Old Line Suburban Chicago Chain
• Large Modern Plant with Building & R. E. included in Sale for $600,000
• Modern Equipment either New or in Good Condition
• Services Second-City Suburbanites & Downtown Office Commuters
• Large 9,500 s.f. Plant with Excess Capability Perfect for Merger
• Established Quality DC Chain with High Prices
• Excess Space & Capacity Available for Expansion
• Strong Comm. Client Base + Attractive Pick-up Shops
• Stable & Profitable Business for over 95 Years
• Competition Barrier of Entry: High Rents & Plant Restrictions
• Long Term, Trained Mgmt & Staff Currently in Place
• Retiring Owner will Train & Offer Long Term Mentoring

Detailed Information

Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
N/A
Employees:
44
Facilities:
The Plant is a 9,500 s.f. building that is close to Chicago’s major highways to accommodate easy access to the entire Chicago metro area. Sales are generated through 5 Drop Stores that are located strategically in high traffic areas of this booming region. MBA/3rd Generation Dry Cleaner owner has negotiated profitable contracts to service multiple large hotels, as well as, for the exclusive pickup & delivery service to the large staff of a $90 billion corporation. He has developed an aggressive, residential and commercial delivery route. Detailed descriptions will be provided upon receipt of a Confidentiality Agreement. Please complete and return our NDA by Pdf or photo by email.
Competition:
Business currently has a dominate Market Share, with a substantial loyal customer base in all of their markets, due to their long-time repetition for constant service and quality. They have been awarded the “Best Drycleaner” for the last three years in their local market and maintained their overall business levels since the 2008 recession commenced, while many of their competitors have lost market share or closed. With the recession drawing to a close, a new owner will have an excellent opportunity to take an already profitable business and bring it to the next level.
Growth & Expansion:
The plant’s capacity could be increased to accommodate additional drop stores or truck routes, together with the strategic location of the production facility to major area highways and a strong labor market, this business would be prime merger target for another Retail or Restoration Drycleaner who could use the synergetic economy of scale. We are working with a major national SBA Bank, as well as current local SBA lender to provide long range financing for a qualified buyer.
Support & Training:
We will provide an excellent choice of Support and/or training, depending on the needs of the buyer. For a buyer new to the industry, the Seller and existing staff of long term workers and management, will help Buyer phase into the industry, which can be followed up by formal in-house 3-Week classroom and practical education at the Drycleaning & Laundry Institute or using on-site training by industry consultants. Mentorship or Coaching/Consulting by the Seller, as well as industry consultants, including the broker who is an Industry Expert.
Reason for Selling:
Motivated to RETIRE and stay in the area.

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Richard Ehrenreich, F-CBI, CED, SBA

Business Listed By:
Richard Ehrenreich, F-CBI, CED, SBA

Ehrenreich & Associates LLC

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