Dry Cleaner

Boynton Beach, FL
Palm Beach County

Asking Price: Annual Revenue:
$320,000 $147,756

Services: Dry Cleaning & Laundry

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RE: Dry Cleaner Broker: Nick Rizzo

Quick Facts

Asking Price: $320,000
Annual Revenue: $147,756
Net Profit: Not Disclosed
Cash Flow: $123,022
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 20
Employees: 3
BBN Listing #: 782755238
Broker Reference #: 42734630

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Business Overview:

Great opportunity to take over a 20 year old business with an extremely loyal customer base. This dry cleaner has all of the equipment and machinery to perform all services in house. The current owner is getting older, and does not have the energy to continue working, especially not at the level this business can handle. They are operating at about 50% capacity. However with the right person at the helm, this business has the capability to do pick-ups/drop-offs, as well as become a drop store for other dry cleaners taking care of all services needed. This could mean up to 2x the current revenue... Great business for someone looking for passive income. Will need to hire a store manager though. Current owner has expressed interest in possibly returning part time to the store to work after sale. 3 current employees of the business are all knowledgeable of the machinery and equipment as well. (OWNER IS IN RECEIPT OF MONTHLY P&L STATEMENTS WHICH REFLECT ASKING PRICE). Roughly 25% of sales are cash, owner able to prove during due-diligence.

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Reason for Selling:

Owner is tired

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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