*Price Drop*Third-Generation Dry Cleaning Business

Not Disclosed, MI
Berrien County


Asking Price: Annual Revenue:
$175,000 $683,634

Services: Dry Cleaning & Laundry


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RE: *Price Drop*Third-Generation Dry Cleaning Business Broker: Small Business Deal Advisors
Owner Financing is Available!
Limited seller-financing is available for qualified buyers.

Quick Facts

Asking Price: $175,000
Annual Revenue: $683,634
Net Profit: Not Disclosed
Cash Flow: $210,295
Total Debt: Not Disclosed
FF&E: $49,505
Real Estate: $1,200,000
Year Established: 1921
Employees: 12
BBN Listing #: 573945079
Broker Reference #: 744

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Business Overview:

This Company is a third-generation owned dry cleaning and laundry services business in southwest Michigan. Founded in 1921, the Company has grown to three locations and has outlasted area competition!

The Company offers a strong customer base and an online presence, with loyal personnel, many of whom have been with the Company for a decade or more.

Ownership is seeking to sell the Company in order to pursue retirement. He is hoping to find a new owner who can continue his family’s legacy.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of non-disclosure agreements (NDAs) and sending of information for speed and efficiency.

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Property Features and Assets:

Three facilities, 8,000 total square feet, available for sale or for lease. Total real estate value: $1,200,000. Real estate is available for purchase. The first facility valuation price is $500,000. The second facility valuation price is $460,000 – rent from other tenants is $39,120 per year. The third facility valuation price is $240,000 – rent from other tenants is $19,200 per year. If the new ownership did not want to purchase the real estate, the total rent for all three facilities would be $6,700 per month.

Market Competition and Expansion:

Investment Highlights Include: (1) Strong Reputation in the Community (2) Pickup & Delivery (3) Online Presence & Mobile App – upgraded POS system Growth Opportunities: (1) Add Delivery Routes (2) Expand Wash & Fold Laundry (3) 24-Hour Pickup & Dropoff Lockers

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.

Relevant Links:

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