MergerPlace

Drive-Through Laundry & Dry Cleaner

Virginia


  • Asking Price: $199,000
  • Gross Income: $298,116
  • Cash Flow: $100,652
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $80,150
  • Listing ID: #203852
  • Established: 1998
  • Employees: 2 FT/5 PT

Business Description

This fast, dependable and professional laundry and dry cleaning business was established in 1998 as a small family owned and operated business. Since that time, the business has grown into a fully operational plant capable of completing wholesale, commercial and industrial work while continuing to produce excellent results, on time, with the best customer service.

The business has a strong, consistent track record of profitability which is anchored by a strong connection to the community and personal relationships with their customers. The business offers a comprehensive list of professional services from dry cleaning, clothing laundry, spot and stain removal, special occasion cleaning and preservation and same day services. Shoe repair and alteration services are also available on site and handled by reliable partners.

The business features plentiful, convenient parking and stay in vehicle drive-through service. For a limited time only, seller is offering financing to qualified prospects: With 75% down payment, interest rate of 7%, and up to 4 years term on the remaining balance/note of $50,000 (payment would be $1,197/month).

Seller will assist with the successful transition of the business for up to 30 days.


Business Details

Primary Business Category: Services - Other Services
Location: Virginia

Company Information

Year Established: 1998
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 2 FT/5 PT

Financial Information

Asking Price: $199,000
Gross Revenue: $298,116
Cash Flow: $100,652
FF&E: $80,150
Seller Financing Available: Yes

Property Information

Facilities:

The business operates at the corner of a busy intersection in a convenient, well known shopping center. The location is at the far end of the shopping center which allows for fast, stay in your vehicle drive throughout service. Current lease runs through June 2019 at $2,750/month. There are two (2) three year options which run until June 2025 with small annual year over year rent increases.

Growth & expansion opportunities:

Geographic expansion of the personal use market, mobile service offering and commercial account acquisition provides the greatest opportunities.

Competition:

Dry cleaning is a service business and in addition to providing great service, the business needs to have the expertise to effectively manage the cleaning of all kinds of fabrics ... so while there are many dry cleaners to choose from in the competitive landscape, the customer handling and professionalism separates the good from the average. This business is family owned and has been successfully operating since 1998 and has a reputation among its customer base for delivering prompt, professional and expert cleaning services. The closest dry cleaner to this business is about 10 minutes drive away.

Reason for selling:

Owner has other business interests he wants to pursue.

Support & Training:

Will train for 4 weeks @ no cost. Dry Cleaning Keeping up with the latest technology and fabric care is one of our top priorities. GOT SPOTS? We have expert spotting specialists to remove those stubborn stains. We take pride in providing you with the best dry cleaning experience! We also offer mink and fur coat cleaning services. Laundry Service Laundered shirts are one of our specialties. We start by scrubbing the collars, put as little or as much starch as requested, pressed to perfection and replace any damaged or missing buttons for FREE. Do you travel?? We will be happy to fold and package your shirts like new for your traveling convenience. For those of you who like your pants extra heavy starched, we can make them walk out of the store on their own. Same Day Service We offer same day service Monday-Friday. In by 9:00am ready after 5:00pm AT NO EXTRA CHARGE. Shoe Repair/Alterations We have recently engaged a local partner to provide excellent repair and shine service. Our shoe repair expert has been serving our community since 1975. Alterations are a snap! Our seamstress has been providing alterations and repairs since we began. Wedding Gown Cleaning and Preservation Wedding gown preservation is a must if you plan on storing your gown and/or passing it down. We carefully inspect the gown to determine what the best, most effective method of cleaning is. Once it has been hand spotted, cleaned and pressed, it is then put in a double chamber box. The double chamber box blocks air and light to keep it from yellowing. You will want to store it somewhere that will not get too hot or damp (attics and basements are a no-no). Express Dry Cleaning Service If you’re in a hurry or just don’t feel like waiting for tickets, we can provide you with an express bag. Just give us your information one time and leave the rest to us. It’s quick, it’s easy and it’s free!

Contact Business Seller

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Business Listed By:

Hal Feder

Murphy Business Brokers