Three Dry Cleaning Businesses in One!

Suffolk County, NY

Seller Financing Available
Three Dry Cleaning Businesses in One!
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Asking Price: $275,000

Cash Flow: $80,000

Gross Revenue: $3,000,000

EBITDA: N/A

FF&E: $150,000

Inventory: $20,000

Established: 1993

Three Dry Cleaning Businesses in One!

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Business Description

This business has unlimited potential for a hands-on individual. The current owner has developed the perfect model for the next generation of dry cleaners. The core of this business is the plant within this retail location. By using a retail location, the owner takes advantage of walk-in business to cover most of the overhead. The plant is equipped to handle much greater volume than it currently has. The 35-lb. hydrocarbon machine is totally environmentally friendly and meets all state and county regulations. Unlike the typical dry cleaner, this plant has a 2-unit shirt system which, along with two washing machines and two dryers, enables them to do shirts in-house. Most dry cleaners send out their shirts and pay over $1.25 per shirt to an outside vendor. Since this business does over 300 shirts a day, just look at the additional profit! By having the washers and dryers they also take in wash-and-fold business as well, creating another solid revenue stream which can easily be expanded. The rest of the equipment includes two delivery vans, three sewing machines, an elevated conveyer, three POP systems (1 for each division), an automatic presser, a manual presser, a suzy, a touch-up machine, a folder, 15-HP boiler, brand-new water heater, an air compressor, a fully-equipped spotting station, six laundry bins, numerous racks, office equipment and more. To take advantage of having the plant on premises, the seller established a pick-up and delivery business. The customers can either call, email or text to schedule their pick-ups and deliveries. This portion of the business is increasing in popularity and easily can be expanded with basic marketing. The wholesale portion of the business includes several accounts which provide another revenue stream. The store front has been in business for over 25 years and is a fixture in the commercial and residential area in which it is located. The owner is also willing to hold a note for the right buyer. Someone with vision will scoop up this opportunity quickly, so do not hesitate and miss out on owning this unique business!

Detailed Information

Inventory:
Included in asking price
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
retail store front in a small shopping center
Growth & Expansion:
keep promoting pick up and deliver and expand wash and fold
Financing:
yes
Support & Training:
yes
Reason for Selling:
Other opportunity
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Bruce Miller

Business Listed By:
Bruce Miller

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