Dry Cleaners Netting $278K Only 10% Down Needed

Not Disclosed, PA
Bucks County

Asking Price: Annual Revenue:
$750,000 $704,131

Services: Dry Cleaning & Laundry

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RE: Dry Cleaners Netting $278K Only 10% Down Needed Broker: Joseph Chiarello

Quick Facts

Asking Price: $750,000
Annual Revenue: $704,131
Net Profit: Not Disclosed
Cash Flow: $227,767
Total Debt: Not Disclosed
FF&E: $380,000
Real Estate: Not Disclosed
Year Established: 2001
Employees: 12
BBN Listing #: 61984955
Broker Reference #: 2702-17399

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Business Overview:

This business has been pre-qualified for a loan with buyer only needing 10% down ($75,000). Buyer would take home after paying debt service $196,000. Buyer would earn their down deposit back within 4.8 months! Note: 2022 store is on track to net over $300,000!

The business is very consistent, pricing power due to quality and high level customer service, brand recognition, great team and highly profitable. This Dry Cleaners is the largest dry cleaning & laundry pick/up and delivery service in Bucks County. They been operational for over 20 years and under current management for over 13 years. During this time, they have enhanced the business significantly through technology, workflow, equipment, and employees which has resulted in more than doubling sales and increasing cashflow dramatically. Over 75% of their sales comes from delivery service which allows them to run the business in a proactive way. They currently have one main location where they process all of the work. They have had as many as five locations but through the increased effort around the delivery service they have been able to get rid of all satellite locations making the business much easier to manage and generate more profitability. The route business allows them to better structure employee hours, gain consistent work throughout the week and pre-charge all customers for work performed before it goes back to them. They use a bar coding system which allows for quicker mark in times, automated assembly and easier deliveries for the drivers. Due to their high level customer service they provide a higher quality experience which caters to a wealthier consumer giving the business better pricing power. They also specialize in wedding gowns and did over 100 gowns last year. The quality of their gown business is so strong that a couple of their largest competitors are sending their customers to them! Owner is willing to stay on for a period of time and work there and also train the new owner the ins and out of the business.

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Property Features and Assets:

Assets = $480,000

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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