SBA-Approved Dry Cleaner, 30 Yrs at Same Location

Lake Orion, MI
Oakland County

Asking Price: Annual Revenue:
$220,000 $195,000

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: $220,000
Annual Revenue: $195,000
Net Profit: Not Disclosed
Cash Flow: $120,000
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:

This is an opportunity for a new owner to acquire a stable six-figure cash flow. Dry cleaning is entering a new equilibrium as smaller less profitable cleaners exit. Strong performers like Trella Cleaners will pick up customers left behind and have access to inexpensive equipment left behind from liquidations. Over decades, owner Raymond Trella has identified a wide range of services, some of which are outsourced at high margins. An established delivery and pickup route contributes over 20% of revenue and has great upside. Delivery truck included. When a Buyer can find a Seller who is accessible after the sale, remains local, flexible to be on call and committed to the Buyer’s success, there is tremendous value in the offer! Take advantage of this buying opportunity. This location has been serving the community for 30 years at the same location. There is an ACE Hardware and Kroeger's at this shopping center. 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 $2,965. The shopping center includes an ACE hardware and Kroeger's. Lease ends 12/2022. $98,967 in FF&E included in Asking Price. $13,195 made in Leasehold Improvements.

Market Competition and Expansion:

As dry cleaning businesses exit due to COVID and retirement, the industry is reaching a new equilibrium. Fewer dry cleaners are serving the current market and there are no new entrants. Stronger cleaners will gain market share from displaced customers.

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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