Dry Cleaning, Profitable, Full Plant, Semi-Absentee Run

San Diego, CA (San Diego County)

Seller Financing Available
Dry Cleaning, Profitable, Full Plant, Semi-Absentee Run
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Asking Price: $209,000

Cash Flow: $47,056

Gross Revenue: $288,840

EBITDA: N/A

FF&E: $26,158

Inventory: $500

Rent: $3,893.26 /Month

Established: 1990

Dry Cleaning, Profitable, Full Plant, Semi-Absentee Run

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Business Description

Long Established and Well Known Dry Cleaner -Semi Absentee Owner Retiring

This is a successful and profitable "full plant" that has been established in a convenient San Diego county location for 28 years. Includes all dry cleaning and laundry machinery and equipment as well as pickup/delivery van. Three revenue streams contribute to increasing gross revenues each month.

Located in a densely populated area and services a broad range of clientele including, business professionals, military personnel and major corporate accounts. Well known in the community, loyal customers based on years of reliable and high quality service.

Owner would like to offer this opportunity to a qualified buyer who has the capability to carry on the tradition of tremendous service its customers have come to expect. Warm introductions to all corporate accounts will be made and training will be provided to new owner. Regular business hours are currently M-F, 7AM-7PM, Sat 9AM-4PM and there are several full-time, long tenured, employees on staff that allows for much flexibility to owner.

Seller Discretionary Earnings (SDE) upside for a new owner/operator. Some seller financing will be made available to qualified buyers.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Storefront in Strip Mall This is a profitable "full plant" that has been established in a convenient San Diego county location for 28 years. Situated in a densely populated area and services a broad range of clientele, including, business professionals, military personnel and major corporate accounts. Well known in the community, outstanding reputation. Owner is pursuing new interests after 28 years of service to the community. Owner would like to offer this opportunity to a qualified buyer who has the capability to carry on the tradition of tremendous service its customers have come to expect. Several full-time, long tenured and very reliable employees on staff that allows for much flexibility to owner. Warm introductions to all corporate accounts will be made and training will be provided to new owner.
Competition:
Highly regarded and sought after service provider with scores of major accounts in place that give it an edge over competition. This "full plant" means all service is provided on site, versus nearby competition that are drop off agencies and rely on third party service providers. This is a very convenient and easy access location for local residences, military personnel and others. It is also within easy driving distance to pick-ups and drop offs to commercial accounts. The business has cornered a certain market based on long established relationships and highly reliable, great quality service. Nice storefront in a safe strip plaza with ample parking make this location convenient and attractive to patrons.
Growth & Expansion:
The growth opportunity is tremendous with the potential to use this "full plant" as a service center to other dry cleaners in the area. Pursuit of new corporate accounts in the surrounding area is also an opportunity for expansion.
Financing:
50000.00
Support & Training:
2 weeks
Reason for Selling:
furthering education
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Robert Cunio

Business Listed By:
Robert Cunio

Transworld Business Advisors San Diego Central

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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. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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