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Business For Sale

Award Winning/Profitable Drycleaning Business

Northern Kentucky, KY

Services: Dry Cleaning & Laundry

Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$900,000
$1,329,000
Not Disclosed
$196,000
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
1962
38
116328013
Owner Financing is Available!
State of the art tangible assets (FF&E and prime real estate) plus the intangible value of the business, should create favorable financing terms for most lenders with a "strong buyer." Seller may consider some financing with terms to be negotiated

Business Overview:

This business was founded by the first generation owners in 1962 and was transferred to the second generation (current) owners in the early-mid 1990's. In 1996, the firm purchased land and constructed an 8,000 square feet production facility and storefront (with drive-through service); Additional retail stores (with drive-through service) were opened with two locations in 2002 and the fourth location in 2004. All stores are located in high-growth, upscale areas with a loyal customer base of over 5,000 predominantly affluent clients. The business also has two delivery routes and has several commercial accounts including the Cincinnati/Northern Kentucky International Airport, hotels, churches, schools, municipal departments and other businesses. The company's brand has been voted consistently Northern Kentucky's Best since 1994. Real estate available but is NOT included in the price. Estimated value $550,000.

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:

Four locations: Main store (with drive-through) and plant (owned real estate) 8,000 square feet plant and 1,200 square feet store; 3 satellite locations with drive through-access all in retail strip centers. Each location approximate 900 square feet - 1,200 square feet

Market Competition and Expansion:

The main competitors are discount cleaner. This reputable business has a loyal customer base and provides exceptional, professional service that is not duplicated in the community.

Reason for Selling:

Retirement

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.

Resources: