Dry Cleaners & Laundry Avg Annual Sales $450000

Louisville, KY
Jefferson County

East Louisville DryCleaners

Asking Price: Annual Revenue:
$250,000 $450,000

Services: Dry Cleaning & Laundry

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RE: Dry Cleaners & Laundry Avg Annual Sales $450000 Broker: Fred E Grimm Jr.

Quick Facts

Asking Price: $250,000
Annual Revenue: $450,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $152,000
Real Estate: Not Disclosed
Year Established: 1993
Employees: 8
BBN Listing #: 634536752
Broker Reference #: 122021

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Business Overview:

Average Annual Sales over 10 years $450,000 with the exception of 2020-2021 Covid Year sales declined to $220,000 and have been tracking 2021 with some increase over 2020. This dry cleaners and laundry has updated significant equipment in 2018 with a new Dry Cleaning machine, Shirt Buck and Boiler. Owners are offering this excellent location with drive in facility as their other full time careers
require their attention.

This store has the benefit of 8 well trained employees who have been in this business for many years.

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Property Features and Assets:

This store front is located on a very high traveled road and has been established 28 years. The rent is $5,000 monthly including cam. The current lease has 2 years remaining which could be negotiated into a longer term basis.

Market Competition and Expansion:

The area has experienced the loss of competition over the past 4 years due to retirement and real estate sales of approximately 3 competitors, who also suffered the loss of employees during the Covid two year period.

Reason for Selling:

Other financial interests.

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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