Lake Minnetonka area plant + Edina drop store

Wayzata, MN (Hennepin County)

Seller Financing Available
Lake Minnetonka area plant + Edina drop store
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Asking Price: $150,000

Cash Flow: $60,000

Gross Revenue: $320,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $895 /Month

Established: 1955

Lake Minnetonka area plant + Edina drop store

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Business Description

lake Minnetonka area dry cleaning plant has great potential. Could use updating of store front, signage. Plant is located on high traffic count street .
Edina store is in a primer shopping center location with many other high volume businesses
These are two businesses owned by different sellers.
The combination of the two stores produce approx. $320,000 in sales.
Cash flow to an owner operator is approx. $60,000.
If buyer were to purchase a shirt unit and shirt washer , cash flow would be approx. $90,000.
Sellers will carry back a promissory note from a qualified buyer.

Detailed Information

Location:
Wayzata, MN
Real Estate:
Leased
Building SF:
1,600
Lease Expiration:
N/A
Employees:
3
Facilities:
Plant is 1600 square feet, rent is $895 per month. Edina location rent is $3,200 per month.
Competition:
There are no plants with in 5 miles of plant location. Edina drop store is in high profile location.
Growth & Expansion:
Plant could use better signage, POS system and buyer could develop a home pick up and delivery route.
Financing:
$100,000
Support & Training:
Seller will stay on and train
Reason for Selling:
Retire and cut back on stores
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TERRY DOYLE

Business Listed By:
terry doyle

Metro Business Brokers Inc.

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