Best Green Dry Cleaners On the Market At $325k Absentee Nets $80K

Altamonte Springs, FL (Seminole County)

Seller Financing Available
Best Green Dry Cleaners On the Market At $325k  Absentee Nets $80K

Asking Price:$399,000

Cash Flow:$100,000

Gross Revenue:$575,000

EBITDA:N/A

FF&E:$160,000

Inventory:$3,000

Established:1995

Best Green Dry Cleaners On the Market At $325k Absentee Nets $80K

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Business Description

This is a plant that has just had a make over. Two new Hydro carbon dry clean machines. New presses, new manager. Gross sales over the counter and wholesale are about $37,500 a month. ($450,000 a year). Owner runs absentee and with an owner operator one hundred thousand owner benefits per year is very doable even in a slow economy. This excellent business is priced under market for a quick sale and at a cash price and with owner financing of at least $50,000, but all offers will be looked at as the seller has other businesses and needs to take care of a much larger one that he has a partner running for him now, but is very sick and cannot handle it on his own. Gross sales over the counter about $5,000 to $6,000 a week and wholesale about $3,000 to $4,000 a week. a smart owner operator could earn in the range of $100.000 per year out of this plant. Now that the new drop store ihas been added the benifits are just starting to show and $150,000 a year is now in sight.

Detailed Information

Inventory:
Included in asking price
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Great location on a busy main road in Altamonte Springs, Florida and a drop store close to the University of Central Florida. This is a Green Plant with very good equipment. All in great shape. 3,000 plus S/F and with a good lease and a drop store in a shopping plaza in a growing residential area that has only just been purchhased and is giving the plant extra income as well as paying for its self..
Competition:
This location is on one of the busiest roads in Seminole County and is close to apartments and residential homes as well as a vast amount of businesses. It has been there for over twenty years and did gross over $800,000 when it was a cut price cleaners. It is now a middle of the road priced cleaners and gets its fair share of the market. Drop Store has competition but is growing due to the quality of its cleaning and the super service given now that it is under new managment.
Growth & Expansion:
This business has a lot of capacity and another drop store or a route could easily be added and it would not increase the overhead by that much but would greatly increase the bottom line profit the addinoal drow store purchase was a great idear and another one would be worth considering.
Financing:
Seller will carry back a note for $50,000 over 3 years @ 5%
Support & Training:
Seller runs the plant under managership but will be able to assist a buyer in an orderly handover and have the staff assist or train a buyer if necessary at no charge. Drop store has great staff and is growing each week with new customers and will soon be grossing $15,000 a month.
Reason for Selling:
Seller has 3 businesses and 1 needs his full attention as a partner is very ill

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John Price & Associates

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John Price & Associates

John Price Broker & Associates

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