SBA-Approved Dry Cleaner, 30 Yrs at Same Location

Not Disclosed, MI
Oakland County

Asking Price: Annual Revenue:
$225,000 $188,000

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: $225,000
Annual Revenue: $188,000
Net Profit: Not Disclosed
Cash Flow: $110,000
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 location has been serving the community for almost 30 years in an area that continues to grow. There is an ACE Hardware and Kroeger's at this shopping center. Reliable employees and healthy profits present an opportunity for a new owner to run the business hands-on and eventually 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. This business has been approved for an SBA loan for a qualified Buyer. Previous Buyer did not qualify for SBA loan, but had previously owned and operated a dry cleaning business and was excited about this location and was comfortable with the equipment. Owner is willing to train new owner to ensure continued success of the business and even help hire and train a manager if the new owner desires. 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. 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.

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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