225k for Multi-location Profitable Dry Cleaners

Cuyahoga Falls, OH (Summit County)

Seller Financing Available
225k for Multi-location Profitable Dry Cleaners

Asking Price:$225,000

Cash Flow:$11,000

Gross Revenue:$16,000

EBITDA:N/A

FF&E:$65,000

Inventory:$20,000

Rate/Sq. Ft.:$750.00

Established:50

225k for Multi-location Profitable Dry Cleaners

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Business Description

Profitable small business EXCELLENT OPPORTUNITY

Two locations for sale both have been established dry cleaners for over 50 years with one location turned into a drop shop.
Owner has been the owner operator for over 25 years and is ready to retire. There is currently a strong regular clientele and this can be a very profitable business for the hard working person. Both businesses have been successful strictly threw a good reputation as the owner does no marketing or advertising—excellent opportunity for those who are business savvy. Currently owner and spouse operate drycleaners with 1 part time employee for counter help. Owner and spouse run all machines and handle all pressing and dry cleaning. Alteration services are also currently offered. Main dry cleaners excepts credit cards but the drop shop is cash and check only.
Locations are Akron, OH and Cuyahoga Falls, OH approximately 15 minutes apart. Both locations are in small plazas off good traffic streets with both locations in residential areas but also within walking distance of major intersections.
Must sell both locations, owner will not sell separately, no exceptions.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
3,000
Lease Expiration:
1/1/2020
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Newer Dry Cleaning machine. Presses and equipment in good condition.
Competition:
Both locations are located in small plaza off medium sized streets surrounded by residential housing but both businesses are also within walking distance of major intersections.
Growth & Expansion:
Current owner has done little to expand, market, or advertise. Lots of excellent opportunity.
Financing:
Owner will hold a note for the right buyer
Support & Training:
Owner is willing to stay on and train new buyer and staff.
Reason for Selling:
Retirement after almost 30 years of operating

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Business Listed By:
Amanda Hastings

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