Organic Dry Cleaner! Owner Retiring!

Wilmington, DE (New Castle County)

Seller Financing Available
Organic Dry Cleaner! Owner Retiring!

Asking Price:$564,900

Cash Flow:$239,928

Gross Revenue:$585,000

EBITDA:$239,928

FF&E:$300,000

Inventory:$1,000

Rate/Sq. Ft.:$20.00

Established:1990

Organic Dry Cleaner! Owner Retiring!

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Business Description

Organic Dry Cleaner! Owner Retiring!

Organic Dry Cleaner! Semi Absentee Owner Retiring! Fantastic Location on a heavily travelled road! Desirable Suburbs! The location is perfect – on a high a traffic street with many other businesses around and great residential neighborhoods! The plant has a new organic Wascomat wet cleaning system, a 40 lb. Permac dry cleaning machine, a Unipress double buck shirt unit, sleever, collar/cuffer, 2 dress suzies, 2 pressing stations, another utility pressing station, a 25 hp, Lattner boiler, vacuum, cooling tower to save water, a Milnor 40 gal. commercial washer, another Milnor 50 lb. commercial washer, sewing machines, and so much more. The capacity to double production with ease in the spacious location, adding more contract work with their ample equipment, corporate contracts and pick up and delivery have already been built into this plant with a vision for the future. The plant has been fitted out to be able to handle high volumes of dry cleaning and has not reached their full potential. This opportunity is growing but still has much upside potential! This opportunity won’t last!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
3,000
Lease Expiration:
10/31/2036
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3,000 sq. ft. dry cleaning plant completely outfitted for high volume.
Growth & Expansion:
Fantastic growth opportunities, call broker for details!
Financing:
Possible seller financing to a qualified buyer
Support & Training:
seller will stay to insure a smooth transition.
Reason for Selling:
Retirement

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Liliane Tietjen

Business Listed By:
Liliane Tietjen

Patriot Business Advisors

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