SBA Pre-approved - Profitable Drycleaner Plant and Drop off

Virginia Beach, VA (Virginia Beach City County)

Seller Financing Available
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Asking Price: $499,000

Cash Flow: $146,054

Gross Revenue: $473,503


FF&E: $250,000

Inventory: $6,000

Established: 2000

SBA Pre-approved - Profitable Drycleaner Plant and Drop off

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Business Description

Profitable Dry cleaner Plant and Drop off - SBA Pre-approved

Drycleaner Plant and Dropoff location with very strategic location with good rent, upside and staff in place to help run. Seller states current plant could double volume in current location. This drycleaner is known for its high quality service as people come from NC to get their drycleaning done by them. They charge a bit more, but the others don't meet their quality. Some of the upsides for future growth include: working closer with Navy base, increase advertising and increase route pick ups. Seller willing to train, and can be a resource for any repairs and services in the future. Seller willing to warranty labor on equipment.

SBA lender has pre-approved this business for a loan. Typically, putting a 10% - 20% down payment with the remainder financed over 10 years!

This is also located in an Opportunity Zone, which could mean possible tax savings at purchase and when it sells.

Detailed Information

Virginia Beach, VA
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Good locations on major roads. Plant can handle more volume without any expansion. Equipment in good shape and Seller will provide warranty.
Best quality in the area.
Growth & Expansion:
Develop more routes for pick up, Network with Navy for their business as current owner has contact to provide service, do advertising
Support & Training:
Seller has been in this business for almost 20 years and will provide 2 weeks training.
Reason for Selling:
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(from currently available funds)
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Tim Johnson

Business Listed By:
Tim Johnson

First Choice Business Brokers of Hampton Roads

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