SBA-Approved Dry Cleaner, 30 Yrs at Same Location

Not Disclosed, MI
Oakland County

Asking Price: Annual Revenue:
$299,000 $275,225

Services: Dry Cleaning & Laundry

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RE: SBA-Approved Dry Cleaner, 30 Yrs at Same Location Broker: Ken Lee
Owner Financing is Available!

Quick Facts

Asking Price: $299,000
Annual Revenue: $275,225
Net Profit: Not Disclosed
Cash Flow: $152,971
Total Debt: Not Disclosed
FF&E: $98,967
Real Estate: Not Disclosed
Year Established: 1991
Employees: 5
BBN Listing #: 82059995
Broker Reference #: 217-20048

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Business Overview:

Significant opportunities during COVID-19 lie with strong businesses in sectors that will have winners and losers. This is a great opportunity to take over an established dry cleaning plant at a great location with a pickup and delivery service. This location has been serving the community for almost 30 years in an area that continues to grow. Reliable employees and healthy profits present an opportunity for a new owner to run the business hands-on or semi-absentee. Over decades, Seller has identified a wide range of services, some of which are outsourced and still yield high margins. An established delivery and pickup route contributes over 20% of revenue and has potential to grow in this new age of social distancing. A small delivery van and software are used for this service. This business has been approved for an SBA loan for a qualified Buyer. For additional information please contact listing agent Ken Lee at 248-218-2630.

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Property Features and Assets:

This is a leased location of 1,700 square feet with a Total Rent of $2,900. Lease ends 12/2022. Seller is active in the business with 5 PT employees. Hours of operation are M-F 7-7, Sat 8-4, Sun closed. Adjusted during COVID: M/W/F 7-6, T/Th 10-4 (deliveries in morning), Sat 8-3. $98,967 in FF&E included in Asking Price. $13,195 made in Leasehold Improvements. Dry Cleaning License, Air Purification License, Corporation Fee Required.

Reason for Selling:

Spouse is retiring, Owner is retiring, moving.

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.

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