Business For Sale

Services: Dry Cleaning & Laundry


Large, Well Established Dry Cleaning & Laundry Opp

Memphis, TN

Asking Price: Annual Revenue:
$1,650,000 $2,698,671

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RE: Large, Well Established Dry Cleaning & Laundry Opp Broker: Dennis Schroeder Transworld Business Advisors - Greater Memphis Are

Quick Facts

Asking Price: $1,650,000
Annual Revenue: $2,698,671
Net Profit: Not Disclosed
Cash Flow: $301,592
Total Debt: Not Disclosed
FF&E: $1,034,900
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 68
Listing Number: 612836228

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Business Overview:

This is a well established, independantly owned dry cleaning and laundry business that has operated successfully in West Tennessee for over fifty years. The business owns a fully equipped 12,500 square foot plant and office headquarters and leases ten drop-off locations, and three home pick-up and delivery routes. There are 65 employees with low turn-over rate. The plant uses petroleum based cleaning products. The business has a strong customer base of over 12,000 customers and prides itself on the high quality of its service and attention to individual customers. The plant is conveniently located near its equipment supplier which is advantageous from a cost and customer service standpoint. There is ample opportunity for growth given the large market and surplus capacity in the plant.

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Property Features and Assets:

The business owns a fully equipped 12,500 square foot plant and office headquarters and leases ten drop-off locations, and three home pick-up and delivery routes.

Market Competition and Expansion:

The business has a strong customer base of over 9,000 customers and prides itself on the high quality of its service and attention to individual customers. Plant and headquarters office has 12,500 sq. ft. and operates one shift per day, Monday through Friday. The existing shift can handle more volume and additional shifts could be added.

Reason for Selling:

Retiring

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.

Resources:

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