MergerPlace

Dry Cleaning Franchise- 2 Locations

Massachusetts (Plymouth)


  • Asking Price: $595,000
  • Gross Income: $667,565
  • Cash Flow: $147,995
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $415,000
  • Listing ID: #199453
  • Established: 2002
  • Employees: 3 FT/ 8 PT

Business Description

Environmentally friendly dry cleaning franchise. Business includes a new, top of the line, dry cleaning plant and a long standing successful drop store in a neighboring town. Upscale town. Business is in serious growth mode. Income is up over 80% in 2017 due to the natural growth of the new dry cleaning plant, which was built at the end of 2014. Bank funding should be available for a qualified buyer. Staff in place. Totally turn-key operation. Known for high quality work with excellent customer service. Attractive facility.


Business Details

Primary Business Category: Services - Other Services
Location: Massachusetts
County: Plymouth

Company Information

Year Established: 2002
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 3 FT/ 8 PT

Financial Information

Asking Price: $595,000
Gross Revenue: $667,565
Cash Flow: $147,995
FF&E: $415,000
Seller Financing Available: No

Property Information

Facilities:

Plant is 2,200 sq. ft. Built in 2014. Fully equipped with top of the line, environmentally friendly equipment. Busy strip center location. Ample parking. Build out, with equipment was about $550k. Rent is $5,394/mo. Drop store is about 1,300 sq. ft. Busy location. Rent is $3k/mo. including utilities.

Growth & expansion opportunities:

Increase the pick-up and delivery business. Increase the marketing budget. Open another drop store.

Competition:

While there is a fair amount of competition, this business offers environmentally friendly and high quality work at a fair price, free pick-up and delivery, a convenient location with easy parking and excellent customer service.

Reason for selling:

Changing Career.

Support & Training:

Will train for 2 weeks @ no cost. Offers full dry cleaning services, pick-up and delivery, tailoring and shoe repair. No special skills are required. Training will be done by both the Franchisor and Seller.

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Business Listed By:

Ira Rashap

Murphy Business Brokers