Dry Cleaning Plant & Delivery Route

Boulder, CO (Boulder County)

New dry cleaning machine
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Asking Price: $195,000

Cash Flow: $105,216

Gross Revenue: $359,686

EBITDA: N/A

FF&E: $112,000

Inventory: $4,500

Rent: $7,099.30 /Month

Established: 1994

Dry Cleaning Plant & Delivery Route

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Business Description

UNDER CONTRACT. New Hydrocarbon dry cleaning machine installed in 2018. The eco-friendly machine uses Eco Solv dry cleaning fluid that cleans well, is environmentally friendly and less expensive than most solvents. Dry Cleaning plant (independent) and franchised home delivery route. The financial summary is combined for both businesses. For the 12 months ending 12/31/17 sales for the retail store was $296,719 and the route was $62,967 for a total of *$359,686. Cleaning prices for the plant are: Jackets $7.15, pants $5.25, dresses $11.25 to $20.95 and shirts are $2.19 with dry cleaning and $2.45 without. Opportunity to grow business with more marketing and by adding routes and p/u stores. Approx. 20 retail customers drop off cleaning bags. Family run business in high traffic affluent Boulder area. *$359,686 gross sales includes $31,850 sales from the home delivery route so total gross sales are $327,836. Expense of $31,850 in the home delivery financials offset the $31,850 income from the plant so the discretionary earnings for 12/31/17 remain unchanged at $105,126. GREAT CANDIDATE FOR AN SBA LOAN.

Detailed Information

Location:
Boulder, CO
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,540
Lease Expiration:
3/31/2026
Employees:
3FT 1PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Business is located in a high traffic shopping center on a busy street in Boulder. Approximately 2,540 square feet business with rent and common area maintenance of approx. $7,100 per month. Lease is until 3/31/21 with a five year option.
Growth & Expansion:
Opportunity to grow business with more marketing and by adding routes and p/u stores.
Support & Training:
As needed included in the purchase price.
Reason for Selling:
Retirement
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Fred M. Mehring

Business Listed By:
Fred Mehring

Select Business Group, Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in The Colorado Association of Business Intermediaries (CABI).

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