Dry Cleaner For Sale near Charleston, SC

Charleston, SC (Charleston County)

Dry Cleaner For Sale near Charleston, SC
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Asking Price: Get Financing: $1,200,000

Cash Flow: $205,293

Gross Revenue: $504,000

EBITDA: $162,350


Inventory: N/A

Established: 1945

Dry Cleaner For Sale near Charleston, SC

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Business Description

Full-service dry cleaning and laundry business for sale, including the Real Estate near Charleston SC. This is a family owned business that was founded in 1945 (73 years). The current owners are retiring. This business is unique in that 80% of the sales are generated through home & business pick up and delivery. The phenomenal growth in the market area has resulted in 10% route growth per year for the past 5 years. Because of the current improved economy and the soon to open Volvo plant nearby, the growth rate could easily double. This full-service dry-cleaning business serves all or parts of the following counties: Charleston, Dorchester, Orangeburg, & Berkeley. The flexibility of the pickup and delivery provides immediate dry-cleaning service to housing developments and businesses as they are built. The business has a unique marketing plan that will be shared with the new owner.

There are currently five routes in operation and the potential exists to add a sixth route in the near future. 85% of the route business is home pickup and delivery and 15% is business pickup and delivery. Pickup and delivery days are Monday / Thursday and Tuesday / Friday, with every customer receiving twice per week service. The business is staffed with 15 employees.

This Dry Cleaner utilizes an environmentally friendly cleaning process. (no perchloroethylene has EVER been used in this facility.) The plant has many updated features to efficiently clean, track and process all garments.

The 3200 sq ft facility is conveniently located to serve the fastest growing area of South Carolina.

2017 Sales: $504,400
Additional Financial Info available upon request.
Real Estate for Sale at $175,000
Business for sale at 1,200,000

Owner will sell business without real estate. For more financial information please contact Laurence Hutto, jlaurence.hutto@pcpsc.com or Jenna Philipp, jenna.philipp@pcpsc.com

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Business Listed By:
Laurence Hutto

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