Dry Cleaners For Sale.(SOLD)

Harper Woods, MI (Wayne County)

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Asking Price: $50,000

Cash Flow: $8,000

Gross Revenue: $150,000

EBITDA: $10,000

FF&E: $20,000

Inventory: $5,000

Rent: $2,100 /Month

Established: 2013

Dry Cleaners For Sale.(SOLD)

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Business Description

over 150,000 per year Gross sales Dry Cleaners. $ 50,000 buy out.

My parents have running this dry cleaning business since 2013. Now they are old and too tired to run business daily basis. I'm son and I running my own restaurant.

I'm trying to help them to sell their business, so they can retire.

Business price including all the equipment. (they bought new dry cleaning machine from Eagle Star Equipment( http://www.eaglestarequipment.com )in 2015 and pay off September, 2019)

Because I under stand how hard running dry cleaning business with out experience, I convinced my parents to price down to $50,000.

I'll tell some good sides too.

This dry cleaners is only dry cleaners in Harper Woods.
Rent is $2100/month now.
Personally guarantee 5 years lease term.
My mom handle $2000 ~ $3000 alteration/tailoring amount. Since she still want to work at home ,If you find way to drop alteration clothes, you can keep all alteration customers.

If you visit 3 or 5 of our closest competitors, you will know how this business is doing.
My mom really cares customers.

Currently they have 2 employees. Larry and Anthony.
They both work here more than 5 years.
They handle all dry cleaning clothes, laundry shirts, press and finishing, maintenance machines.

Customer service and begging clothes are done by my mom right now.

Detailed Information

Location:
Harper Woods, MI
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,900
Lease Expiration:
2/2/2024
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
I will add more information here later. but best way you figure out the value of business is visiting and seeing I think. Until this business is sold, business is open to see for all serious buyers.
Competition:
Dry Cleaners business is very steady, conservative business.
Growth & Expansion:
Usually all cleaning work and press end up by 11:00 AM. After 11:00 It's basically Pick-up and Drop off store. 1 person operation. Also If you want, this business can handle double more clothes if they work until 2:00 pm. There are quiet a lot of demand for business cleaning like church, restaurant, hospital, school etc..) This business have been cleaning Perfecting Church's table clothes, napkin etc. This business has potential, If you can bring business customers.
Financing:
This price is for quick selling.
Support & Training:
We can discuss what do you need for making decision.
Reason for Selling:
Parents really want to retired in this year.
Business Website:
http://facebook.com/7to7cleaners
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Business Listed By:
Jin Cha

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