Profitable Dry Cleaners & Coin Laundry

Not Disclosed, WA
King County

Asking Price: Annual Revenue:
$350,000 $264,383

Services: Dry Cleaning & Laundry

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RE: Profitable Dry Cleaners & Coin Laundry Broker: Judy Elrod
Owner Financing is Available!
$150,000 down/$200,000 for 96 months @ 6.50%

Quick Facts

Asking Price: $350,000
Annual Revenue: $264,383
Net Profit: Not Disclosed
Cash Flow: $69,313
Total Debt: Not Disclosed
FF&E: $300,000
Real Estate: Not Disclosed
Year Established: 1984
Employees: 6
BBN Listing #: 21304955
Broker Reference #: 8004-14362

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Business Overview:

Highly successful Dry Cleaners and Coin Laundry with multiple income streams in retail, commercial and insurance. Established over 30 years. Long-time accounts and relationships serving the greater Seattle area including municipalities, fire and police departments. Newly added coin laundry provides another income stream. Added state of the art commercial laundry equipment and tankless water heaters. Hydrocarbon, green dry clean equipment. A lot of potential and capacity. Good location surrounded by many apartments and homes.

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Property Features and Assets:

Located in this strip mall for decades. Well equipped space includes self serve laundromat. Room to add dry cleaning capacity. Electrical has been upgraded. Assets= $380,000

Market Competition and Expansion:

This business is well respected maintaining accounts for decades. Well equipped to handle additional capacity. Sales were $1 million year before owner became ill. Owner will introduce buyer to long standing contacts and has a clear marketing plan ready for a new buyer to grow the business.

Reason for Selling:

Owner retiring.

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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