Dry Clianing and Tailoring Business 60 years

Bedford, OH
Cuyahoga County


Asking Price: Annual Revenue:
$285,000 $448,041

Services: Dry Cleaning & Laundry


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RE: Dry Clianing and Tailoring Business 60 years Broker: Peter Vadas
Owner Financing is Available!
With $100,000 Down Payment, the sellers will finance the remaining $185,000 over 10 years at 7 % interest. The monthly payment will be $2,148.01 on the loan. This includes both the business and the real estate.

Quick Facts

Asking Price: $285,000
Annual Revenue: $448,041
Net Profit: $108,087
Cash Flow: $100,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: $75,000
Year Established: 1949
Employees: 5
BBN Listing #: 102027889
Broker Reference #: Not Disclosed

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Business Overview:

Purchase Price: $285,000.00
Break Down =
Business priced at $210,000.00
Real Estate Priced at $75,000.00
+ 50% of the Value of the clothes on the rack ($5,000, approximately)

Cash Flow: $100,000.00 +

Seller Financing: The Sellers will accept $100,000.00 down payment plus the value of the inventory. They will finance the remaining $185,000 over 10 years at 7% interest. The monthly payment on the loan is $2,148.01. That includes both the building and the business.

The Sellers have been paying themselves rent of $2,750.00 per month.

Business Activity:
Profit Center #1: Dry Cleaning

Profit Center # 2: Alterations

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Property Features and Assets:

The building sits on .27 acres and is located on a main street that has very good visibility and parking. The dry cleaning equipment is called a dry to dry. We will provide a complete list of the equipment when we have received the confidentiality agreement. The store has 4,392 square feet.

Market Competition and Expansion:

This business has been in operation since 1949 and is located on a main street with good visibility and parking.

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.

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