Dry Cleaner

Great opportunity to take over a 20 year old business with an extremely loyal customer base. This dry cleaner has all of the equipment and machinery to perform all services in house. The current owner is getting older, and does not have the energy to continue working, especially not at the level this business can handle. They are operating at about 50% capacity. However with the right person at the helm, this business has the capability to do pick-ups/drop-offs, as well as become a drop store for other dry cleaners taking care of all services needed. This could mean up to 2x the current revenue... Great business for someone looking for passive income. Will need to hire a store manager though. Current owner has expressed interest in possibly returning part time to the store to work after sale. 3 current employees of the business are all knowledgeable of the machinery and equipment as well. (OWNER IS IN RECEIPT OF MONTHLY P&L STATEMENTS WHICH REFLECT ASKING PRICE). Roughly 25% of sales are cash, owner able to prove during due-diligence.

Down Payment: $320,000

Total Sales: $147,756

Cash Flow: $123,022

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

Accounts Receivable Included: No

FFE: $200,000

FFE Included: Yes

Inventory: N/A

Inventory Included: No

Year Established: 2002

Year of last Acquisition: 2002

Days & Hours of Operation: Monday-Friday 7:30AM–6PM Saturday 8AM–3PM

Owner Hours Per Week: 60

Lender Pre-Qualified: No

Non-Owner Payroll: N/A

Employees: 3

Absentee Owner: No

Real Estate: N/A

Real Estate Included: No

Monthly Rent: $3,000

Type of Location: Retail

Square Footage: 750

Franchise: No

Relocatable: No

Reason For Sale:

Owner is tired

Training & Support:

Seller will train new buyer for 1 week at no cost.