MergerPlace

Dry Cleaners and Drop Store

Pennsylvania


  • Asking Price: $375,000
  • Gross Income: $406,535
  • Cash Flow: $89,998
  • Real Estate: Not Disclosed
  • Inventory: $2,000
  • FF&E: $300,000
  • Listing ID: #218948
  • Established: 1961
  • Employees: 4 FT / 6 PT

Business Description

Very established dry cleaning plant and drop store in great suburban locations. The plant is well equipped (equipment list available for review) and includes a Multimatic 40 lb. dry cleaning machine, double buck rotating shirt unit, collar/cuffer, two pressing stations, dress suzie, three double puffers, tube type 25 HP Superior boiler, chiller, Bradford White hot water, two compressors—30 HP each, two washers, two dryers and much more. The business has multiple police accounts, hotel accounts and corporate accounts serviced by a route driver.


Business Details

Primary Business Category: Services - Other Services
Location: Pennsylvania

Company Information

Year Established: 1961
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 4 FT / 6 PT

Financial Information

Asking Price: $375,000
Gross Revenue: $406,535
Cash Flow: $89,998
FF&E: $300,000
Inventory: $2,000
Seller Financing Available: No

Property Information

Facilities:

The business operates out of two locations. One location is considered the plant which is where the actual dry cleaning takes place and there is a retail customer center in the front of the building. The other facility is strictly a drop store. The plant/customer center is located in a strip center in a suburban area of Harrisburg. The plant/customer center location is approximately 2,000 sq. ft. upstairs and 3,000 sq. ft. downstairs. The 3,000 sq. ft. downstairs provides a huge amount of storage and an ozone room which separates this facility from most other dry cleaners. Having the ozone room provides the opportunity to do fire and smoke restoration work which is highly profitable and in most cases involves high volume jobs.

Growth & expansion opportunities:

The plant with its current equipment and space has the capability to easily double capacity with a concentrated effort to grow the business through marketing/advertising, pursuing additional business in the fire and smoke restoration segment and adding additional corporate accounts to expand the existing route or potentially add additional routes. Not only was the plant designed to handle a high volume of dry cleaning, but the drop store has large volume capability as well. This is truly a turnkey opportunity and for the right buyer with renewed energy and enthusiasm, the table is set for tremendous growth without any additional investment. A business for sale with this much upside growth potential is a rare find.

Competition:

When discussing competition, there was not one significant competitor that stood out. I believe competition could best be described as average for this type of service business. There are only two processing plants within ten miles. This business is the only dry cleaner offering same day service within 15 miles.

Reason for selling:

Retirement.

Support & Training:

Will train for 2 weeks @ no cost This business offers standard dry cleaning, fire and smoke restoration, wholesale work and tailoring. They are only one of two dry cleaners that offer same day service in their geographic service area.

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Business Listed By:

Jack Greenawalt

Murphy Business Brokers