Business Overview:
This profitable business has a long history with a strong reputation in the area. Specializing in on-premises dry-cleaning, wet cleaning, laundry and blind cleaning, the company provides services for customers in the Okanagan including local pickup and delivery. Delivering the highest quality of service with an “on time” motto this business has excellent word of mouth referrals from happy customers. With trained staff willing to stay a new owner could grow the business by implementing a delivery route system and expanding the current pickup and delivery area to nearby communities. The price of the business net of transferred working capital but inclusive of all inventory, fixed assets and goodwill is $222,00 with an implied multiple of weighted Cash Flow of 2.7 times. The seller is selling the operational balance sheet of the business which includes the normal required working capital of $23,000, which is included in the asking price of $245,000. For more information please contact Neil G.A. Thomson at 250.870.9094 or send an email to neil.thomson@sunbeltpacific.ca
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.