Drycleaner-2 locations

Saint Paul, MN (Ramsey County)

Drycleaner-2 locations

Asking Price:$435,000

Cash Flow:$185,000

Gross Revenue:$456,000

EBITDA:$185,000

FF&E:$220,000

Inventory:N/A

Established:40

Drycleaner-2 locations

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Business Description

Established 40 years in two locations. Full service laundry and dry cleaning. One facility houses the plant, the other is equipped for laundry services. Extensive equipment package included for both operations. Solid sales and profits. Owner operator estimated cash flow about $185,000. Facilities-
5000 square feet for one and 1000 square feet for the second- are leased; rent about $2750 and $1750 respectively.
Twelve employees-can be reduced by owner operator by at least two positions.
Sales about $456,000 in 2014; about 65% dry clean and 35% laundry.

Recent upgrades in equipment (dry cleaning machine and shirt machine).

Detailed Information

Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Two facilities: first a 5000 square foot facility; second is 1000 square feet. Rent $2750 and $1750 per month. great locations in St. Paul.
Competition:
Other drycleaners. This business is very well established in great neighborhood locations.
Growth & Expansion:
More sales/marketing. Owners have other businesses and haven't devoted time/energy to this business.
Financing:
Subject to Buyer quailification
Support & Training:
Training provided.
Reason for Selling:
Retirement

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Bob Griesgraber

Business Listed By:
Bob Griesgraber

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Sponsoring Broker:
Thomas Green

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