Dry Cleaner. Leader in market. Plenty of Growth Potential.

VA

Seller Financing Available
Dry Cleaner. Leader in market. Plenty of Growth Potential.
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Asking Price: Get Financing: $150,000

Cash Flow: $40,000

Gross Revenue: $265,300

EBITDA: N/A

FF&E: $90,000

Inventory: $8,500*

Lease Rate: $10 /SF/Year

Established: 1990

*not included in asking price.

Dry Cleaner. Leader in market. Plenty of Growth Potential.

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Business Description

Dry cleaning business in busy banking/resort-oriented area. Well-established business with little competition. Strip center location with great highway frontage and two entrances/exits. Only other tenant in center is high-volume C-store with gas. Next door to two banks. Rent is 6% of sales..

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,287
Lease Expiration:
10/31/2016
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Modern facility with modern, well-maintained equipment. All plant on site. In small strip on main highway at primary intersection (with traffic light). Across highway from 160,000 sf regional shopping center. Across intersecting street from new CVS. Site is centered in economic center of market are. Other strip tenant is high-volume C-store w/gas. Located within site of bank headquarters.
Competition:
Little competition. One small operator off highway and off traffic flow about 2 miles away. Only other competitor, also off highway about 20 miles away. No other competitors to the south for 40 miles; to the north for 25 miles.
Growth & Expansion:
Business can expand into delivery. Can also set up drop off locations. However, business has been growing without these additions and without advertising. Business should be expected to grow at a greater rate and pick up market share with only modest marketing efforts.
Financing:
Possible
Support & Training:
Seller will stay on during transition period to train, introduce to clients and vendors, and transition with employees
Reason for Selling:
Owner has a full time job. Would like to spend more time with family.
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Contact the Seller

(from currently available funds)
 
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Joseph Caffrey, C.B.I.

Business Listed By:
Joseph Caffrey

Worldwide Business Brokers

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