Dry Cleaners, Laundry and Plant

Los Alamitos, CA (Orange County)

Seller Financing Available
Dry Cleaners, Laundry and Plant

Asking Price:$269,000

Cash Flow:$119,600

Gross Revenue:$349,200

EBITDA:$119,600

FF&E:$60,000

Inventory:N/A

Established:1993

Dry Cleaners, Laundry and Plant

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Business Description

Price Reduced. Motivated Seller. Fully equipped plant with Green Earth Machine. Organic dry cleaning with no hazardous chemicals. Laundry. Alterations. Corner Location in busy shopping center on a major boulevard with near-by affluent community. Family owned and operated. Ample parking. 35% cash / 65% card. Ideal for family buyer and operator. Ocean air keeps plant cool.

Business grosses over $29,000 per month, plus a sub-lease to non-competing use of $600 per month. Sellers discretionary earning of just under $10,000 per month if family run. Family run off-site pick-up location until recent illness. Business 86% retail and 14% wholesale. Ample capacity to add additional wholesale customer for $4000 per month and have SDE of around $14,000/mo. which is $168,000 per year. Could do further sub-lease. Cash flow schedule available showing breakdown and options. Approximately 25% of business is shirt laundry.

Owner wants to retire and may carry sellers note for well qualified buyer with substantial down payment. POS computer system. Records available to substantiate revenue and expenses.

60 LB capacity Green machine around 8 years old. Has 5 Press Machines including Shirt Press machines. 2 Compressors and Boiler. 50 lbs. capacity industrial washer and 75 lbs. dryer around 10 years old.

Disclaimer: The information above was furnished by the seller. Sunbelt Business Brokers of Orange Coast or its agents have not verified the information and makes no representations as to its accuracy or reliability.

Detailed Information

Employees:
4 full time.
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Employee’s Full time: 3 at Plant Employee’s Part time: 1 at Plant, 3 at Off-site Pick-up Location Monthly Payroll w/out Owner: $8,400 Size of Facility: 3000. ft. Plant + Offsite Pick-up Location 900 sq. ft. Base Monthly Rent: $5,000 Plant Lease Expiration Date: May 2021 Plant Option: 5 yr Misc. Lease Information: Plus $1,200 CAM-Plant . Off-site pick-up location rent $2,200
Financing:
Seller may carry note for qualified buyer with substantial down payment
Support & Training:
seller will provide training.
Reason for Selling:
retirement.

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R. Stephen Thomson

Business Listed By:
R. Stephen Thomson

Sunbelt Business Brokers-Orange Coast

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