Premier Dry Cleaner in rapidly-growing city; 5 Stores / 3 Routes

Charlotte, NC (Mecklenburg County)

Premier Dry Cleaner in rapidly-growing city; 5 Stores / 3 Routes
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Asking Price: $1,750,000

Cash Flow: N/A

Gross Revenue: $2,290,930



Inventory: N/A

Rent: $9,000 /Month

Established: 1992

Premier Dry Cleaner in rapidly-growing city; 5 Stores / 3 Routes

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Business Description

Well-established Dry Cleaner Serving Growing Affluent Communities

Major dry cleaner serving both residential and corporate clients. Substantial excess capacity at (leased) plant to accommodate growth. Five well-located stores; 3 established routes. In business since 1992. Low employee turnover. Low customer turnover. Significant recent investment in dry cleaning equipment and vehicles. Q1 2019 growth of ~ +8% over 2018. On-line portal for customer payments. No dominant player in expanding market with major law, banking, consulting and office workers, including newly-relocated Fortune 500 corporate HQs.

Owner will consider financing (at market rate) for 3+ years with ~30% in cash down payment.

Additional information available after signing Non-disclosure Agreement (contact Consultant).

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Detailed Information

Charlotte, NC
Included in asking price
Real Estate:
Building SF:
Lease Expiration:
5 leased stores (Buyer to assume existing leases). ~12,000 sq ft plant divided into cleaning and executive/admin areas. Lease terms / option to purchase TBD. Substantial storage for inventory. Good employee parking; located in industrial park: easy access/in-out. Bar-coding based production; QuickSort automated assembly. Hydrocarbon machines + laundry + presses and staining stations. All inventory included. Complete asset list available for qualified potential buyers.
National and international financial center, with growing white collar employee base (banking, law, accounting, corp HQs, etc). County population increasing ~2+% per year. No dominant dry cleaner in market. No major player in 24x7 lockers. "Sticky" customers.
Growth & Expansion:
Major opportunities for growth. Current owner has not emphasized online presence or social media. Excess plant capacity can accommodate significant growth with only minor capital expenditures.
Plant lease price, terms and option to buy ALL to be discussed
Support & Training:
Owner willing to stay on for limited period, to be discussed.
Reason for Selling:
Owner retiring
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Business Listed By:
Jim Phelps (Consultant)

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