Dry Cleaning Plant with Real Estate

San Mateo County, CA

Seller Financing Available
Dry Cleaning Plant with Real Estate
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Asking Price: $6,000,000

Cash Flow: $426,189

Gross Revenue: $2,005,000

EBITDA: N/A

FF&E: $950,000

Inventory: $5,000*

Real Estate: $4,000,000

Established: 1986

*not included in asking price.

Dry Cleaning Plant with Real Estate

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Business Description

Great business with competetive advantage

This profitable dry cleaning plant has been successfully running for 30+ years located in prime area cities. This business has been built for growth with a central dry cleaning plant and three retail locations serving as the hub and spokes model. Retail locations, lockers and pick up services are the channels that drive demand for the central plant. The current plant utilization is currently at 60% so there is an opportunity for the new owner to increase cashflow by driving sales

The business owns high tech lockers installed in luxury apartments and other high traffic locations allow customers to self-service (drop-off and pick up) through an app.

This business also has partnership with boutique hotels and apartments for pick up and delivery service. Drivers have dedicated routes for pick and delivery with 7 vans included for sale.

Central dry leaning plant is located close to major tech companies and the Real estate is worth $4M.

This business comes fully equipped with Dry cleaning machines, boilers, air compressors, water heaters, sewing, hemming machines and 7 delivery and pick up vans with total tangible asset value of $950K.

This is an excellent opportunity for a buyer to own a well-established business. This business currently does not service dry cleaning for other dry cleaning companies to ensure quality service by maintaining direct relationship with it's customers.

Detailed Information

Location:
San Mateo County, CA
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
6,500
Employees:
31
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
4 weeks and 20 hrs a week.
Reason for Selling:
Owner retiring
Business Website:
http://linkbusiness.com/businesses-for-sale/SV00020/Profitable-Dry-Cleaning-Bus
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(from currently available funds)
 
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Raj Sathyaseelan

Business Listed By:
Raj Sathyaseelan

Link Silicon Valley

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