MergerPlace

Profitable Dry Cleaners & Coin Laundry

Washington (King)


  • Asking Price: $350,000
  • Gross Income: $264,383
  • Cash Flow: $69,313
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $300,000
  • Listing ID: #209342
  • Established: 1984
  • Employees: 2 FT / 4 PT

Business Description

Highly successful Dry Cleaners and Coin Laundry with multiple income streams in retail, commercial and insurance. Established over 30 years. Long-time accounts and relationships serving the greater Seattle area including municipalities, fire and police departments. Newly added coin laundry provides another income stream. Added state of the art commercial laundry equipment and tankless water heaters. Hydrocarbon, green dry clean equipment. A lot of potential and capacity. Good location surrounded by many apartments and homes.


Business Details

Primary Business Category: Services - Other Services
Location: Washington
County: King

Company Information

Year Established: 1984
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT / 4 PT

Financial Information

Asking Price: $350,000
Gross Revenue: $264,383
Cash Flow: $69,313
FF&E: $300,000
Seller Financing Available: Yes

Property Information

Facilities:

Located in this strip mall for decades. Well equipped space includes self serve laundromat. Room to add dry cleaning capacity. Electrical has been upgraded.

Growth & expansion opportunities:

Well equipped to handle additional capacity. Sales were $1 million year before owner became ill. Owner will introduce buyer to long standing contacts and has a clear marketing plan ready for a new buyer to grow the business.

Competition:

This business is well respected maintaining accounts for decades.

Reason for selling:

Owner retiring.

Support & Training:

Will train for 4 weeks @ no cost Can handle all retail business including special requirements of leather jackets, wedding dresses and bedding. 70% of business is long-time repeat business in commercial accounts and insurance. Coin operated self-service laundromat is a perfect addition. It opened this year. No additional staffing was required. Tankless water heaters and customer pricing based on water temperature makes this a very profitable business model. Owner will train in all aspects of the business.

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Business Listed By:

Judy Elrod

Murphy Business Brokers