Prominent Dry Cleaning Business with Property

Not Disclosed, IL
Cook County


Asking Price: Annual Revenue:
$650,000 $635,513

Services: Dry Cleaning & Laundry


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RE: Prominent Dry Cleaning Business with Property Broker: Steven Eschbach
Owner Financing is Available!
$162,500.00

Quick Facts

Asking Price: $650,000
Annual Revenue: $635,513
Net Profit: Not Disclosed
Cash Flow: $222,778
Total Debt: Not Disclosed
FF&E: $165,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 4
BBN Listing #: 909652743
Broker Reference #: 3233-861227

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Business Overview:

Prominent local dry cleaning business - with related property - delivering substantial sales and cash flow is ready for new owners!

Investment highlights include:

* Turnkey business provides a range of fabric cleaning, pressing and tailoring services.
* Consistently generates substantial cash flow from large, local customer base.
* Conveniently located on busy commercial and retail street with significant traffic flow.
* Operates in a one-story building on a half-acre lot included with the business sale.
* Well-equipped facility includes washers, dryers, fabric pressing stations and sewing machines as well as sorting bins, racks and storage for cleaning solutions, hangers and garment bags.

The business is being offered with the real estate (building and property), with an asking price of $300,000, making the total transaction value of $950,000.

The retiring business owner is open to providing seller financing and mentoring to qualified buyers for a limited period of time.
Growth View Research projects the U.S. dry cleaning and laundry services market will grow at a 4.5 percent compound annual growth rate between 2022 and 2030. Supporting this growth in the near-term is the post-pandemic return to the office while longer-term increasingly busy consumer lifestyles will further drive demand.

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Reason for Selling:

Other 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.

Relevant Links:

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