Dry Cleaner

Not Disclosed, MI
Oakland County

Asking Price: Annual Revenue:
$179,000 $220,000

Services: Dry Cleaning & Laundry

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RE: Dry Cleaner Broker: Ken Lee

Quick Facts

Asking Price: $179,000
Annual Revenue: $220,000
Net Profit: Not Disclosed
Cash Flow: $70,000
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2019
Employees: 3
BBN Listing #: 523259995
Broker Reference #: 217-21080

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Business Overview:

This is a great opportunity to take over an established dry cleaning business with a good reputation that has been serving the community with 100% green and eco-friendly materials. Seller has enjoyed being a hands-on operator but must exit for critical health reasons. There are three employees, which presents an opportunity for a new owner to manage and grow the business. Seller has established a wide range of services, some of which are outsourced with high margins. An established delivery and pickup route includes a 2020 compact cargo van and scheduling and scheduling app. The route has growth potential in this new age of social distancing to increase residential, commercial, hospitality and municipality customers. For additional information please contact listing agent Ken Lee.

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Property Features and Assets:

This is a leased location of 2,950 square feet with a Total Rent of $4,600. Lease ends 12/2021. Seller is active in the business with 1 Full Time employee and 2 Part Time employees. Hours of operation are Monday - Friday 7:30a - 6:30p, Sat 9a - 4p. $75,000 in FF&E included in Asking Price. $10,000 made in Leasehold Improvements.

Reason for Selling:

Critical Health Diagnosis.

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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