MergerPlace

High-end Dry Cleaning & Restoration

New York


  • Asking Price: $5,000,000
  • Gross Income: $4,500,000
  • Cash Flow: $616,735
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #214064
  • Established: 1957
  • Employees: 50

Business Description

This is an excellent opportunity to own a world-renowned dry cleaning and restoration company with a blue-chip clientele. Based in New York, the Company has generated average annual revenues of approximately $5.3 million over the past three years.

For over 60 years, it has served celebrity and high-profile clients in many of New York state’s leading industries, including fashion, entertainment and government. Its commercial customers include Fortune 500 companies, fashion designers, hotels, restaurants, museums, and theater companies, among others.

Products & services include

•High-end dry-cleaning, laundering, and tailoring

•Bridal and other alterations

•Fire, smoke, and water damage restoration

•Stain removal, and other specialty services

The Company’s loyal and repeat customers hire the Company for the following key reasons:

•World-name recognition

•Attention to detail and quality of work

•Customer service, including delivery

•Centrally located storefront and easily accessible factory

•Multi-functional services:

oAccessory, home and garment cleaning, laundering, restoration, and tailoring

•Technical expertise: Can clean and restore items that competitors cannot.

The Company employs over 50 staff members to service its customers. Employees are cross trained in several job roles. Several staff members have been with the company for decades.


Business Details

Primary Business Category: Services - Other Services
Location: New York

Company Information

Year Established: 1957
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 50

Financial Information

Asking Price: $5,000,000
Gross Revenue: $4,500,000
Cash Flow: $616,735
Seller Financing Available: No

Contact Business Seller

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Business Listed By:

Lou de la Prida

The NYBB Group