Established Dry Cleaner and Laundromat

Knoxville, TN
Knox County


Asking Price: Annual Revenue:
$295,000 $186,426

Services: Dry Cleaning & Laundry


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RE: Established Dry Cleaner and Laundromat Broker: Doug Kose

Quick Facts

Asking Price: $295,000
Annual Revenue: $186,426
Net Profit: Not Disclosed
Cash Flow: $94,738
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 953854611
Broker Reference #: 5182-595467

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Business Overview:

A great service industry that has both a Dry Cleaning and Laundromat on site. Same ownership for past nine years and in a booming and renovated area of Knoxville. Business location is off a very busy highway that has daily traffic counts of over 22,000 vehicles. The company is located close to retail shopping, grocery store and residential neighborhoods. Owner has customer database of 2,000 names with high repeat business.

The building is 4,950 square feet and has plenty of customer parking. The lease rate is $1,600 per month. The laundromat does approximately 57% of annual sales compared to 43% via the dry cleaning. A motivated owner can take this business to a new level.
There is one other competitor within a 15-mile range
Growth opportunity is to develop a more comprehensive marketing program with a stronger social media presence; add a drive through and delivery services.

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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.

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