Growing Dry Cleaning Business - 2 Locations W/RE

Cincinnati, OH Hamilton County

Asking Price: $399,000

Annual Revenue: $304,000

Services: Dry Cleaning & Laundry

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Growing Dry Cleaning Business - 2 locations w/RE

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RE: Growing Dry Cleaning Business - 2 Locations W/RE
Contact: John \

Owner Financing is Available!

Cash preferred but Owner Financing can be an option.

Quick Facts

	Asking Price:	$399,000
	Annual Revenue:	$304,000
	Net Profit:	Not Disclosed
	Cash Flow:	$68,000
	Total Debt:	Not Disclosed
	FF&E:	Not Disclosed
	Real Estate:	Not Disclosed
	Year Established:	1950
	Employees:	4
	BBN Listing #:	116064876
	Broker Reference #:	60270-435927

Email or Print Listing

Business Overview:

This is the opportunity you’ve been waiting for!! Look no further… Highly profitable dry cleaning operation with two locations. One location with real estate included! Details: • Highly profitable with revenues exceeding pre-pandemic levels. • Top Line Growth in 2023 vs 2022 in double digits at both locations! • Locations in dense higher-income residential areas with high repeat business due to established reputation and high-quality service. • Services include drop-off, pick-up, delivery, alterations, repairs, wedding gowns, household goods, suede, and leather. • Limited marketing currently in place – all word of mouth! Tremendous upside for the savvy buyer to market and grow further. • Fully staffed with tenured associates, most with over a decade of experience. • Current owners are spending 45 hours per week in the business. Buyer can modify to suit their desired business model. • All FF&E and vehicles in good condition. • Real Estate location has new roof, paint, new signage, and turn-key takeover. • Current owners are willing to offer transitional support to ensure a great start! Businesses have been established for decades. Current owners have owned for 4 and 5 years. Many competitors went out of business during the pandemic.

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.

Property Features and Assets:

Tremendous upside for stronger dry cleaners to grow and prosper for years

Cash offers are preferred, but seller financing may be available.

This opportunity absolutely WILL NOT last! Contact me today!

2023 YTD Revenue through September: $393,000
Seller Discretionary Earnings $163,000
Price: $399,000 (with Real Estate)
FF&E: $60,000
Real Estate BOV: $100,000

One location includes building and real estate. Other location is leased. Monthly Rent: $800.00 Square Units (Foot, Meter): 875

Market Competition and Expansion:

Many competitors went out of business during the pandemic. Tremendous upside for stronger dry cleaners to grow and prosper for years. Extremely high potential for growth.

Reason for Selling:

Health Reasons

Additional Details:

The property is owned.
The owner is willing to train/assist the new owner.
This is not homebased business opportunity.
This is not a franchise resale opportunity

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