Business For Sale

Established Dry Cleaning & Coin Laundry Business

Bellingham, WA
Whatcom County


Asking Price: Annual Revenue:
$395,000 $337,593

Services: Dry Cleaning & Laundry


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RE: Established Dry Cleaning & Coin Laundry Business Broker: Don Gongaware
Owner Financing is Available!
$320,000.00

Quick Facts

Asking Price: $395,000
Annual Revenue: $337,593
Net Profit: Not Disclosed
Cash Flow: $121,803
Total Debt: Not Disclosed
FF&E: $177,000
Real Estate: Not Disclosed
Year Established: 1992
Employees: 6
BBN Listing #: 647451351
Broker Reference #: 95951-65721

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Business Overview:

Laundry Service and Dry Cleaning Service, Shirt Service, Wash/Dry Fold, Formals, Suede & Leather, Repairs & Alternations, Rugs, Pillows, Comforters, Linens, & Drapes.

Security Cameras located throughout the store. Customer WIFI available.

Parking Out Front

Three additional drop store accounts.

Existing corporate accounts (local hotels).

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Property Features and Assets:

Founded in the early 1990's. New owner has expanded the business by increasing wholesale accounts. Owner is currently managing approximately 14 business accounts.

Market Competition and Expansion:

There is one dry cleaner located approximately 3 miles away. They offer dry cleaning and laundary service. Another cleaning service that specializes in fine dry cleaning and tailoring is approximately 4 miles away. Current owner desires to enter into a joint venture with the new owner. This immediately provides revenue from three drop off centers. Existing owner plans on adding new drop off centers and will add these to the joint venture.

Reason for Selling:

Expansion

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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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