Dry Cleaners, Laundry and Plant

Artesia, CA (Los Angeles County)

Seller Financing Available
Dry Cleaners, Laundry and Plant

Asking Price:$269,000

Cash Flow:$99,012

Gross Revenue:$290,773

EBITDA:$99,012

FF&E:$60,000

Inventory:N/A

Established:1993

Dry Cleaners, Laundry and Plant

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Business Description

Fully equipped plant with Green Earth Machine. Great expansion opportunities by adding additional wholesale customers, pick-up and delivery, on-line marketing and sub-lease to non-competing uses.

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.

California is phasing out the use of the solvent perc, which is a staple in many dry cleaning services and equipment. By 2023, all perc will have to go. The focus is on cleaners already using green machine cleaning.

Business grosses over $24,000 per month plus a sub-lease to non-competing use of $600 per month. Sellers discretionary earning of just over $8,250 per month. Business 86% retail and 14% wholesale. Ample capacity to add additional wholesale customer for $4000 per month and have SDE of around $12,250/mo. which would be $147,000 SDE per year. Could do further sub-lease in plant to non-competing user such as leather cleaning, just by moving racks. 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 yrs. old. Has 5 Press Machines including Shirt Press machines. 2 Compressors and Boiler. 50 lbs. capacity industrial washer and 75 lbs. dryer around 10 yrs. 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.

For more information call Sunbelt of Orange Coast at 714-619-9310.

For a complete listing of our currently available business opportunities go to: www.sunbeltorange.com.

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: $7,217 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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