Growing Charlotte Area Chain with $900,000 Sales & Option on Plant RE

NC

Growing Charlotte Area Chain with $900,000 Sales & Option on Plant RE

Asking Price:$495,000

Cash Flow:N/A

Gross Revenue:$973,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:1975

Growing Charlotte Area Chain with $900,000 Sales & Option on Plant RE

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Business Description

Growing Charlotte Chain with $973,000+ Sales
• Plant Real Estate purchase option at Favorable Price
• Prefect for Merger: Large Plant with Excess Capability
• Regional Award Winner – Excellent Reputation
• Retiring Owner will Finance, Train and Mentor
• Established Quality DC Chain with High Prices
• Growing Area with access to Good Labor Market
• Accessible to Charlotte Area by Close Highways
• Stable & Growing Biz, with Dominate Area Market Share
• Long Term, Experienced Mgmt & Staff in Place
• Enjoy Low Pressure Small Town Life, Award Winning
School System and Enjoyable Year-round Climate

Detailed Information

Employees:
26
Facilities:
The Plant is a 5,220 s.f. building that is close to Charlotte’s major highways to accommodate easy access to the entire Charlotte metro area. Sales are generated through 5 Drop Stores that are located strategically in high traffic areas of this booming region, plus a residential and commercial delivery routes. Detailed descriptions will be provide upon receipt of a Confidentiality Agreement. Please complete and return our NDA by Pdf or photo of agreement e-mailed.
Competition:
Business currently has a dominate Market Share, with a substantial loyal customer base in the local market for Drycleaning, Laundry, and Garment Repair, due to their online social media presence; but virtually no marketing or advertising activity. Great opportunity for a buyer to take an already profitable business and bring it to the next level.
Growth & Expansion:
The Seller has an option to Purchase the Plant real estate at a reasonable price. The plant’s capacity could be increased to accommodate additional drop stores or truck routes, together with the strategic location of the production facility to major Charlotte highways and a strong labor market, this business would be prime merger target for another Charlotte Drycleaner who could use the economy of scale to take the business to the next level. We are working with a major national SBA Bank, that would consider long range financing for a qualified buyer.
Support & Training:
We will provide an excellent choice of Support and/or training, depending on the needs of the buyer. For a buyer new to the industry, the Seller and existing staff of long term workers and management, will help Buyer phase into the industry, which can be followed up by formal in-house 3-Week classroom and practical education at the Drycleaning & Laundry Institute or using on-site training by industry consultants. Mentorship or Coaching/Consulting by the Seller and family, as well as industry consultants, including the broker who is an Dry Cleaning & Coin-Laundry Industry Expert.
Reason for Selling:
Wants to Retire and remain in the area.

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Richard Ehrenreich, F-CBI, CED, SBA

Business Listed By:
Richard Ehrenreich, F-CBI, CED, SBA

Ehrenreich & Associates LLC

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