MergerPlace

Commercial Cleaner, Dry Cleaner

Montana (Madison)


  • Asking Price: $445,000
  • Gross Income: $335,044
  • Cash Flow: $112,540
  • Real Estate: Not Disclosed
  • Inventory: $80,000
  • FF&E: $170,000
  • Listing ID: #206648
  • Established: 1983
  • Employees: 3 FT/ 1PT

Business Description

Commercial Laundry and on-premise Dry-Cleaner with Coin-op Laundromat. Over 35 years of successful operations by the same owner. The business has a full list of long-term retail and commercial customers within a 75 mile radius in Madison County, MT that includes auto dealerships and mechanics' shops, motels, health clinics and institutional facilities. The company operates a regular delivery and pick up service that includes the towns of Butte, Dillon, Twin Bridges, Sheridan and Virginia City and all points in between, providing cleaning for uniforms, linens, towels and entry mats. It also has vibrant retail business with 28 self-service Coin-Op washers and 10 dryers plus a drop-off/pick-up laundry and dry cleaning counter.


Business Details

Primary Business Category: Services - Other Services
Location: Montana
County: Madison

Company Information

Year Established: 1983
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT/ 1PT

Financial Information

Asking Price: $445,000
Gross Revenue: $335,044
Cash Flow: $112,540
FF&E: $170,000
Inventory: $80,000
Seller Financing Available: No

Property Information

Facilities:

The facility includes a modern laundry and dry-cleaning plant in a well-maintained 7,100 sq. ft. building on a 1/2 acre of ground with retail frontage. The business is located near the center of town and on the main highway to Yellowstone Park. Visibility and access from the highway is excellent and there's ample space for car and RV parking and future expansion. The rear of the building contains a large work area, mechanical and supply rooms on the main floor and access to a second story space that is partially used as the business office and could be remodeled and finished to include a residence or rental unit. An economical lease can be negotiated with an option to purchase.

Growth & expansion opportunities:

As the primary local source for commercial cleaning services there's ample opportunities to expand its uniform and hospitality business along the Madison River Valley into West Yellowstone, as well as along the I-90 and I-15 corridors from Butte to Three Forks and Butte to Dillon. Tourism as well as a growing population underscore a need for the company's services.

Competition:

Few other businesses compete with this Laundry for commercial customers. It is the only dry-cleaning plant in its market area and the only retail laundromat within 40 miles.

Reason for selling:

Owner is retiring.

Support & Training:

Will train for 4 weeks @ no cost. All relevant business licenses are in place.

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Business Listed By:

John Maslanik

Murphy Business Brokers