Established & profitable Dry Clean plant

Tampa, FL (Hillsborough County)

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Asking Price: $279,900

Cash Flow: $90,000

Gross Revenue: $650,000

EBITDA: $70,000

FF&E: $250,000

Inventory: $3,000

Real Estate: N/A

Established: 1975

Established & profitable Dry Clean plant

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Business Description

Dry cleaning and commercial laundry

Building with almost 5000 SF heated area. This Dry cleaning plant has been operating for many years at this location from the mid 1970's. This location serving both wholesale & retail accounts.
The plant is loaded with a nice set of equipment. Dry cleaning machine ( & few other pieces ) less than 2 years old which uses environmental friendly chemicals. Business facility and equipment can accommodate up to double the current business volume.
Business assets are estimated to be more valuable than the asking price for the business (Business value is not added to the price, ASSET SALE!). Basically, business is priced very aggressively for quick sale. Delivery vans ARE NOT included in the asking price but are available for purchase. Numbers indicated in this listing include all expenses paid to improve building, business and additional equipment purchased. Business also paid for a new building roof in 2018, which also included in the expenses. This business is excellent for families with large numbers who can collect payroll which will increase benefits and net profit.
Seller owns real estate. Rent will be $6000/month NNN. All terms are negotiable.
All financial information are 100% documented and verified!
Seller very motivated. All reasonable offers will be considered. Serious inquiries PLEASE!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
4,795
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All equipment owned and totally updated with a good set of new equipment less than 2 years ago, added in May 2017. All Steam, Air & vacuum lines has been also updated. Plant is fully functional with a lot of room to grow. Facility consists of a 4800 sf concrete block building with additional room to expand if needed.
Competition:
Market is prime for this business since smaller plants are closing and business industry is consolidating to only few in the area. This will only improve competition and prices to go up which eventually will increase and improve profits.
Growth & Expansion:
The size of this plant gives it the edge to compete for larger accounts and has the potential to grow with new available ideas. The seller is NOT pursuing due to retirement and health issues. New accounts serving hotels, home pick & delivery routes will have a good impact on this business.
Support & Training:
2 week plus as needed since seller is retiring
Reason for Selling:
Health issues and retirement.
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Business Listed By:
Zaid Nofal

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