Asking Price:

$259,000

Gross Income:

$256,000

Cash Flow:

$40,200

FF&E:

$90,000.00 *

Inventory:

N/A

Real Estate:

N/A

Year Established:

1990

Employees:

7

Business Types:

Drycleaning/Laundry Services
Other Personal Services

* included in the asking price

Business Description

Dry cleaning business in busy banking/resort-oriented area. Well-established business with little competition. Strip center location with great highway frontage and two entrances/exits. Only other tenant in center is high-volume C-store with gas. Next door to two banks. Rent is 6% of sales..

Detailed Information

Facilities:

Modern facility with modern, well-maintained equipment. All plant on site. In small strip on main highway at primary intersection (with traffic light). Across highway from 160,000 sf regional shopping center. Across intersecting street from new CVS. Site is centered in economic center of market are. Other strip tenant is high-volume C-store w/gas. Located within site of bank headquarters.

Competition:

Little competition. One small operator off highway and off traffic flow about 2 miles away. Only other competitor, also off highway about 20 miles away. No other competitors to the south for 40 miles; to the north for 25 miles.

Growth/Expansion:

Business can expand into delivery. Can also set up drop off locations. However, business has been growing without these additions and without advertising. Business should be expected to grow at a greater rate and pick up market share with only modest marketing efforts.

Financing:

Possible

Support/Training:

Seller will stay on during transition period to train, introduce to clients and vendors, and transition with employees

Reason Selling:

Owner has a full time job. Would like to spend more time with family.