Price Reduced. Dry Cleaner with Laundry Contracts

Not Disclosed, KS
Wyandotte County

Asking Price: Annual Revenue:
$800,000 $539,345

Services: Dry Cleaning & Laundry

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RE: Price Reduced. Dry Cleaner with Laundry Contracts Broker: Sheldon Schelling

Quick Facts

Asking Price: $800,000
Annual Revenue: $539,345
Net Profit: Not Disclosed
Cash Flow: $245,715
Total Debt: Not Disclosed
FF&E: $300,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 3
BBN Listing #: 546963102
Broker Reference #: 416202-415710

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Business Overview:

This long established Dry Cleaner added a commercial laundry side in 2019 and has established relationships with several major hotels in the metro. As with most businesses, COVID had some negative impact but the second half of 2021 is showing tremendous growth. Great profits are just the base line for what this laundry is capable of achieving with the current equipment.

The business was established in 1986 The current owner purchased Excel Cleaners in 2009. The current owner added the commercial linen business in 2019 and has been experiencing phenomenal growth with a slight decrease in 2020 directly related to COVID..

This dry cleaning and commercial linen business has few competitors. With a linen contract with just two hotels representing approximately 400 beds in place, the commercial linen side of the business feeds the Dry Cleaning side by collecting guest dry cleaning on the daily laundry runs. In addition to the linen contracts, the Cleaners picks up guest dry cleaning at approximately 25 hotels. According to the owner there is not another dry cleaner in a 10 mile radius!

There is virtually unlimited potential for growth in this business. Specifically on the linen/laundry side of the business more accounts can be added with hotels, hospitals, rehab centers, assisted living facilities, etc.

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Reason for Selling:

Moving out of state.

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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