Large Profitable Dry Cleaning Business

Dekalb, IL (DeKalb County)

Large Profitable Dry Cleaning Business
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Asking Price: $400,000

Cash Flow: $125,000

Gross Revenue: $750,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $450,000*

Established: 1920

*not included in asking price.

Large Profitable Dry Cleaning Business

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Business Description

Voted BEST DRY CLEANER in the area every year. Annual sales exceed $750,000 from the plant, 3 drop stores, 2 routes and extensive commercial and hotel accounts.
Plant has existing management in place or can be taken over by new owner. Stable work force. Many production workers have been on staff for more than 10 years.
Far Western Chicago suburb location..Easy access to Chicago Western suburbs.

Detailed Information

Real Estate:
Owned
Not included in asking price
Building SF:
9,000
Employees:
22
Facilities:
Most equipment is redundant. Two cleaning machines, 2 boilers, 2 shirt units, 4 Unimac washers and 5 dryers. One DF 2000 and one perc machine.
Competition:
Largest drop store has NO competition in growing professional area. This store is very near Western suburbs and would be a good hub for additional routes. Small rural store has no competition. Plant has one major minority owned cleaner across town. Plant is located in college town of 45,000 people. University is a good customer with uniforms and dorm household items.
Growth & Expansion:
Existing capacity will allow increase of production more than 50%. This was demonstrated for more than 10 years providing cleaning/pressing for previous owned business. Far Western suburb location facilitates easy access to Chicago Western suburbs. Current business includes hotel uniforms in Western suburbs. Great opportunity for existing dry cleaner who needs more capacity for uniform cleaning, restoration, new commercial customers or building routes in the suburbs. Opportunities to sign up office buildings along I-88 which cuts through the area.
Financing:
good candidate for 504 SBA loan with real estate included
Support & Training:
Will provide training as needed for up to 6 months. Training from trade association is available for owners new to the industry.
Reason for Selling:
Owner is retiring after 17 years.
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Business Listed By:
Tom Bartnett

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