MergerPlace

Established, Semi-Absentee Dry Cleaner

North Carolina


  • Asking Price: $225,000
  • Gross Income: $277,818
  • Cash Flow: $100,132
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $150,000
  • Listing ID: #219029
  • Established: 2005
  • Employees: 2 FT / 4 PT

Business Description

This well established, profitable, semi-absentee, family owned dry cleaners features on-site "Environmentally friendly" cleaning for clothing, laundry and accessories, and household items. Other services offered include: wedding dress cleaning and preservation, leather cleaning and expert alterations. In addition to a convenient "Drop off/Pick up" window/door the business also offers free pick-up and delivery! Excellent Customer Service is the key to servicing the cleaning needs of this booming upscale Triangle town.


Business Details

Primary Business Category: Services - Other Services
Location: North Carolina

Company Information

Year Established: 2005
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT / 4 PT

Financial Information

Asking Price: $225,000
Gross Revenue: $277,818
Cash Flow: $100,132
FF&E: $150,000
Seller Financing Available: Yes

Property Information

Facilities:

The business is located in a booming Research Triangle Town. The business leases a 2,400 square foot facility located at the corner of a strip mall. Facility includes on-site environmentally friendly cleaning. Facility has a drive thru drop off window/door for maximum customer convenience.

Growth & expansion opportunities:

This business can grow by pumping up marketing and social media. Also, adding drop off locations and additional pick up/delivery vans to their fleet to service other areas around the Research Triangle with high growth area. Marketing these services more aggressively will also provide growth.

Competition:

The Dry Cleaning industry is a $9 Billion industry and are comprised of dry cleaning and full-service laundry establishments that cater to household consumers and commercial clients such as hotels, professionals, families and restaurants. Competition is light in the area. There are no other "full-service" cleaners with a cleaning plant on site, that can offer "same-day" service in this upscale neighborhood.

Reason for selling:

The semi-absentee owner has resumed a rewarding career in education and is no longer able to devote the time and energy to this business. And would prefer to have a conscientious buyer take it to the next level.

Support & Training:

Will train for 4 weeks @ no cost This is a "full service" dry cleaning and laundry business. There are no required license but a buyer new to the industry would need light training. They use a pre-cleaning process which involves the scrubbing of collars, cuffs, stain spots, and other commonly-soiled areas. Additionally they offer cleaning on fine leather items and handle household items including comforters, table cloths, sleeping bags and rugs. Aside from cleaning they offer alterations, preservation of wedding dresses.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Don Emmett

Murphy Business Brokers