MergerPlace

Established & Growing Organic

Pennsylvania (Chester)


  • Asking Price: $382,000
  • Gross Income: $461,152
  • Cash Flow: $129,460
  • Real Estate: Not Disclosed
  • Inventory: $1,000
  • FF&E: $345,000
  • Listing ID: #214592
  • Established: 2013
  • Employees: 1 FT/ 7 PT

Business Description

Established and Growing on-premise Organic Cleaner serving the Main Line. This environmentally friendly business continues to capture clientele through their strong commitment to quality & customer service. The business offers free delivery/pick-up service for both residential and business accounts from Wayne to West Chester through their state-of-the-art Customer App and garment tracking system. The plant has cleaning equipment & space to scale production for an expanded delivery area, increased accounts and/or wholesale service offerings. Surrounded by business complexes, hotels and affluent neighborhoods, this business is positioned to expand market share and grow revenues. Don’t miss this opportunity to take a successful business to the next level!


Business Details

Primary Business Category: Services - Other Services
Location: Pennsylvania
County: Chester

Company Information

Year Established: 2013
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 1 FT/ 7 PT

Financial Information

Asking Price: $382,000
Gross Revenue: $461,152
Cash Flow: $129,460
FF&E: $345,000
Inventory: $1,000
Seller Financing Available: No

Property Information

Facilities:

The business operates in a 2940 sq. ft. stand-alone building located on a high-volume traffic artery with surrounding business complexes and affluent neighborhoods. The dry cleaning plant has been well planned for optimum work flow and the capacity to double production to accommodate expanded clientele and/or wholesale services. Monthly rent is $4,417 (plus, $500 CAM). Lease expires on 5/31/2021 with two 5-year renewal options.

Growth & expansion opportunities:

This business as continued to grow its clientele through a high quality of service and free pick-up & drop-off. There are many potential growth options for this business: 1) expand marketing campaigns, 2) expand their delivery/pick-up coverage radius (greater Delaware County coverage and/or the addition of Montgomery county areas), 3) provide wholesale cleaning services to other Dry Cleaners, and 4) increase accounts (i.e. business, hotels, apartment complexes, schools).

Competition:

As a true environmentally friendly dry cleaner, this business continues to expand its clientele at the expense of other local dry cleaners in their service area. The customer value proposition of free delivery & pick-up coupled with high quality, on-premise cleaning services has earned a loyal customer base and strong referral business. Although there are a variety of dry cleaners in the area, the majority of these dry cleaners outsource their cleaning which results in uneven quality of cleaning and a more transient customer base.

Reason for selling:

Owner pursuing other business interests.

Support & Training:

Will train for 2 weeks @ no cost.

Contact Business Seller

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Business Listed By:

Marwan Nabulsi

Murphy Business Brokers