Centennial Dry Cleaners

Centennial, CO (Arapahoe County)

Seller Financing Available
Shirts

Asking Price:$35,000

Cash Flow:$25,413

Gross Revenue:$98,135

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:1992

Centennial Dry Cleaners

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Business Description

The owner is 72 and wants to retire after 25 years of service. He bought the business in late 1991 and has been in same location ever since. From 1992 to 1995 he invested $ 100,000 into all new equipment. The equipment has a 50 year life according to the owner. Pictures provided upon request. The prices are high with shirts at $ 2.30 to $ 2.50 and 2 piece suit priced at $ 16. The customers are loyal due to high quality and dependable service. Store hours are 7am to 6pm during week and 9am to 2pm on Saturdays. All equipment is on site and nothing is sent out of the store. New owner must replace existing PERC with nonhazardous equipment AND acquire an insurance policy with the landlord named as additional insured. The landlord will pay all but $ 2,000 per year of the annual premium cost for this policy which could be as high as $ 9,000 per year.

Detailed Information

Inventory:
Included in asking price
Employees:
2 FT, 1 PT
Facilities:
Situated on north side of Arapahoe Road just east of Peoria in same strip center and close to a coffee and muffin shop. The lease is at $ 3,238.76 per month and current lease ends 10/31/17. There is an option to renew the lease. New owner may want to re-negotiate the lease term and price.
Competition:
Numerous dry cleaners
Growth & Expansion:
With direct marketing this business has potential.
Financing:
SBA financing preferred
Support & Training:
Seller will provide effective training and knowledge transfer to the Buyer in all matters relating to Company operations.
Reason for Selling:
Retirement

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Tom Lang

Business Listed By:
Tom Lang

Touchstone Business Advisors, LLC

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Memberships & Certifications:
Indicates membership in The Colorado Association of Business Intermediaries (CABI).


Sponsoring Broker:
Charles Spickert, CBI

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