Great Dry Cleaner With Bldg

Colorado Springs, CO (El Paso County)

Great Dry Cleaner With Bldg

Asking Price:$845,000

Cash Flow:$128,086

Gross Revenue:$587,598

EBITDA:N/A

FF&E:$100,000

Inventory:$10,000

Real Estate:$585,000

Established:1995

Great Dry Cleaner With Bldg

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Business Description

Great Dry Cleaner with 8,400 square foot bldg.

Fantastic large dry cleaning plant with a dry store. Discount cleaners with several large corporate accounts. Prices of a $1.75/garment are substantially under market leaving a great opportunity for income growth. If prices are raised to $2.00/garment net income to new owner operator will exceed $200,000/year without losing any business. Eldorado building with plant is also included in the sale allowing new buyer to be their own landlord. Rent on the dry store, Continental Cleaners of $2,500/month includes all utilities and CAM. The main building also has a large upstairs that is currently an apartment with a kitchen and 1 and ½ baths that rents for $400/month and has its own entrance. This $400/month income is not included in the Profit and Loss statement. Large monument sign on property being rented out for $350/month. Plant has equipment that could handle over $1,000,000 in dry cleaning and laundry business including two 55lb. dry cleaning machines. New owner could substantially increase business with more dry stores or corporate accounts.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
8,414
Employees:
14
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
8,414 Sq ft plant with apartment. 1,500 Sq ft dry store.
Growth & Expansion:
Prices of a $1.75/garment are substantially under market leaving a great opportunity for income growth. If prices are raised to $2.00/garment net income to new owner operator will exceed $200,000/year without losing any business.
Support & Training:
2 weeks after closing
Reason for Selling:
Retiring

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Tom Ledingham

Business Listed By:
Tom Ledingham

Ledingham & Company

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