Long Established Eco Dry Cleaners

Not Disclosed, MI
Wayne County


Asking Price: Annual Revenue:
$200,000 $282,987

Services: Dry Cleaning & Laundry


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RE: Long Established Eco Dry Cleaners Broker: Inquiry
Owner Financing is Available!
Seller financing available with $75,000 down payment.

Quick Facts

Asking Price: $200,000
Annual Revenue: $282,987
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1940
Employees: 3
BBN Listing #: 63242679
Broker Reference #: B2618

Email or Print Listing

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Business Overview:

Dry cleaners are making a major comeback after the pandemic. Many of the smaller cleaners closed leaving the doors wide open for the successful ones who survived the pandemic. This is one of those cleaners who had amazing sales in the past and is right back on track to get to their pre pandemic numbers.

This cleaners is located in an amazing part of Detroit right by the high end area of Indian village. It sits on a major road and brings the seller a lot of foot traffic daily. The seller has owned this business for over 15 years and has done many improvements to make it a one stop shop for its clients. The cleaners has 2 state of the art wet cleaning machines so there are no regulations with chemicals from DEQ. They also have 2 steam dryers to help prevent shrinking. This is the new way of doing dry cleaning without harmful chemicals, smells, and damaging clothing. This is also a full plant with pant presses, utility presses, and a full shit machine. The owner put in a new air compressor and boiler 3 years ago. The equipment is in excellent condition with a lot of life left to keep growing the already high sales numbers. The owner has had the same 2 employees working for him for the past 15 years with no issues.
The cleaners has had steady sales. 2017-$282,464 2018-$280,664 2019-$282,987. Even with being shut down for almost 4 months and people working from home the 2020 sales were $168,124. With people going back into the office, and things getting back to normal the owners are doing over $15,000 a month in sales now and are on track to get to the $300,000 numbers. Rent, and utilities are very low in this location, according to the seller he takes home about 35-40% of gross sales as cash flow.

This is an amazing opportunity for someone to get into the dry-cleaning business at its prime. The market is not over saturated as it used to be. A new owner can start doing free pick-up and delivery to many of the luxury apartment complexes in the area to secure all those customers. Also, offering wash and fold services, and even doing wholesaling to other cleaners to greatly increase those already high gross sales.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Retirement

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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