Drycleaners/Laundry for Sale: 3 locations

Homewood, IL (Cook County)

Seller Financing Available
Drycleaners/Laundry for Sale: 3 locations
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Asking Price: $260,000

Cash Flow: $90,000

Gross Revenue: $375,000

EBITDA: $90,000

FF&E: N/A

Inventory: N/A

Rent: $3,600 /Month

Established: 2000

Drycleaners/Laundry for Sale: 3 locations

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Business Description

1 Plant and 2 Stores, Absentee owner, Great potential.

1 Plant & 2 Stores Volume $375,000 asking $260,000 for all 3. Will sell separately. South Suburbs, nice neighborhood, good schools, great communities. Annual profit 25% to 30%. More, if owner operated. Owner financing available. This is an excellent opportunity to buy an established operation with great potential for growth. Plant is fully equipped with well maintained Drycleaning and Laundry machinery. The 3 locations are close enough to move between easily, yet far enough to not encroach on each others customers. All this operation needs is a little TLC and advertising.,,,

Agent Disclaimer; Above figures are supplied by the owner and deemed accurate. Buyer is responsible for verifying through due diligence.

Detailed Information

Location:
Homewood, IL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,200
Lease Expiration:
N/A
Employees:
8
Facilities:
3 locations, Plant, 2200 sq ft, Store 1, 1100 sq ft, store 2, 800 sq ft. All are close enough for easy movement between locations yet far enough to not infringe on each's marketing territory. Plant has both drycleaning and laundry equipment. All fully operational and well maintained.
Competition:
NO major competition.
Growth & Expansion:
All locations are on a busy thoroughfare close to commuter train stations and near local shopping. Easy access and parking at each. Now operated absentee owner, current owner does no marketing. With some personal attention and advertising there is great potential for growth.
Financing:
Owner financing to qualified buyer.
Support & Training:
Training provided if needed.
Reason for Selling:
Owner near retirement and wants to downsize.
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Business Listed By:
greg ehman

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