Owner Financing is Available
Business for Sale Overview:
Dry Cleaning and Laundry Chain – This Western Kentucky business provides dry cleaning and laundry services to individuals and companies at a central plant supported by several drop-off and pick-up locations. They also sell some new items needed by their customers. The central plant has considerable excess capacity, offering the Buyer the opportunity to significantly grow sales without a significant investment in the central plant land, building or equipment. While the Seller has identified many opportunities for growth, he would prefer that someone else develop these opportunities due to his age and declining health. The Owner is highly motivated to sell.
Furniture, Fixtures, & Equipment: $300,000
Vehicles and / or rolling stock: $-0-
Inventory: $5,000
Accounts Receivable (if included): $-0-
Land and Building (if included): $250,000
Other Assets: $-0-
Current Liabilities to be assumed: $-0-
Current Notes to be assumed $-0-
Asking Price: $695,000
Down Payment: $104,250
Annual Sales Volume: $450,000
Cash Flow: $95,000
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.
Property Features and Assets:
Approximately 9,000 square feet main plant (estimated value -- $250,000) and a total of over 5,000 square feet of rented space ($2,100 annual rent) used for drop-off and pick-up locations and storage. The main plant real estate is included in the sale.
Market Competition and Expansion:
The company has bought out many of its competitors.
Reason for Selling:
Seller’s age & declining health
Additional Details:
- The property is owned.
- 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.