$1,200,000+ Sales Chicago W Suburb and/or Far W. Suburb, with Plant

IL

Seller Financing Available
$1,200,000+ Sales Chicago W Suburb and/or Far W. Suburb, with Plant

Asking Price:$750,000

Cash Flow:N/A

Gross Revenue:$1,200,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$450,000*

Established:1920

*not included in asking price.

$1,200,000+ Sales Chicago W Suburb and/or Far W. Suburb, with Plant

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Business Description

$1,200,000+ Sales Suburban Chicago Branded stores and routes
• Large Modern Plant with Building - well maintained, modern equipment
• Plant Real Estate (Building & Land) available for either lease or possible sale
• Two long established, well known, respected quality brands (Separate/together)
• Services Second-City Suburbanites & Downtown Office Commuters
• Large 9,100 s.f. Plant with room for additional equipment - Perfect for Merger
• Established Quality Brands with Higher Prices
• Excess Space & processing capacity Available for Expansion of plant
• Strong Comm. Client Base + Attractive Pick-up Shops
• Stable & Profitable Business for over 95 Years
• Competition Barrier of Entry: High Rents & Plant Restrictions in market areas
• Long Term, Trained Mgmt & Staff Currently in Place
• Owner will consider financing for qualified purchaser
• Retiring Owner will Train & Offer Long Term Mentoring

Detailed Information

Real Estate:
Owned
Not included in asking price
Building SF:
9,100
Employees:
40
Facilities:
The Plant is a 9,100 s.f. building that is close to Chicago’s major highways to accommodate easy access to the entire Chicago metro area. Sales are generated through 5 Drop Stores that are located strategically in high traffic areas of this booming region. 3rd Generation Dry Cleaner owner has negotiated profitable contracts to service multiple large hotels in the Western Suburbs. He has developed 3 residential and commercial delivery routes. Detailed descriptions will be provided upon receipt of a Confidentiality Agreement. Please call for our N.D.A. to be sent by Pdf email to qualify for our detailed Confidential Offering Memorandum.
Competition:
Business currently has a dominate Market Share with a substantial loyal customer base in all of their markets, due to their long-time reputation for constant service and quality. They have been awarded the “Best Drycleaner” for the last four years in their local market and maintained their overall business levels since the 2008 recession commenced, while many of their competitors have lost market share or closed. With the recession drawing to a close, a new owner will have an excellent opportunity to take an already profitable business and bring it to the next level.
Growth & Expansion:
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 area highways and a strong labor market, this business would be prime merger target for another Retail or Restoration Drycleaner who could use the synergistic economy of scale. We are working with a major national SBA Bank, as well as current local SBA lender to provide 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, as well as industry consultants, including the broker who is an Industry Expert is available.
Reason for Selling:
Motivated to RETIRE and stay in the area.

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Richard Ehrenreich, F-CBI, CED, SBA

Business Listed By:
Richard Ehrenreich

Ehrenreich & Associates LLC

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