Successful Established Dry Cleaning Business

Chattanooga, TN
Hamilton County


Asking Price: Annual Revenue:
$400,000 $494,000

Services: Dry Cleaning & Laundry


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RE: Successful Established Dry Cleaning Business Broker: Bill Pinson

Quick Facts

Asking Price: $400,000
Annual Revenue: $494,000
Net Profit: $117,000
Cash Flow: $118,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $1,000,000
Year Established: 1996
Employees: 10
BBN Listing #: 796143201
Broker Reference #: Not Disclosed

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Business Overview:

Well Established Dry Cleaner with Strong Profits

Profitable Well Established Dry Cleaner. Long repeat customer list due to impeccable reputation. Excellent location in high traffic area, in thriving community. Business has been open for over 25 years. Services include Dry Cleaning, Laundry, Stain Removal, Formal Dresses, Leather Goods, Antique Garments, Heirlooms, Camping gear, Household Items, Alterations, and Button Repair. Facility is spotless and equipment all in good condition. Sales are split between walk ins and a strong pick-up/delivery route. All dry cleaning done in house. Plenty of room to grow revenues through commercial accounts.
Asking price = Business Price $400K + Real Estate $1M

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Property Features and Assets:

3,200 square feet building with plenty of parking. The building is set up with a convenient drive through for customers. Inside includes a spacious kitchen and 2 bathrooms.

Market Competition and Expansion:

Very few competitors around, many of the smaller cleaners have closed. This dry cleaner is one of the few left that does all services in house. Plenty of room to grow revenues, particularity by adding hotels and other commercial clients. Due to shortage of workers, more and more companies are turning to dry cleaners, market is wide open.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • 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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