Profitable 38yr Est. Eco-Green Dry Cleaner

Colorado Springs, CO
El Paso County

South-Eastern area near the upscale Broadmoor


Asking Price: Annual Revenue:
$1,500,000 $1,070,000

Services: Dry Cleaning & Laundry


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RE: Profitable 38yr Est. Eco-Green Dry Cleaner Broker: Seller of Business

Quick Facts

Asking Price: $1,500,000
Annual Revenue: $1,070,000
Net Profit: Not Disclosed
Cash Flow: $260,000
Total Debt: Not Disclosed
FF&E: $350,000
Real Estate: $825,000
Year Established: Original owner: 1984
Employees: 14
BBN Listing #: 191463370
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

Large profitable dry cleaner and laundry with real estate; established in 2005; utilizing the latest green technology (no Perc) in conjunction with extensive labor saving automated order processing, a Metal Progetti assembly and bagging system, and computer/cloud based point of sale system (Spot). Comprised of two locations, a main plant and a drop store, route services and multiple large commercial accounts. Long term, well trained, independent staff.

$1.5M = Business at $675K + Real Estate $825K.

Because I would like to fully retire I prefer selling the business with the real estate so have discounted the price of the business portion to $675K or 79% of the lockdown pre-recovery 2021 revenue of $850K (which is quickly bouncing back to pre-covid levels along with the added benefit of fewer competitors post-covid).

NOTE: Pre-covid 2019 Revenue was $1.07M which at 79% discount would mean a business portion price of $845.3K.

Once an NDA and purchaser qualification documents are in place I will forward a confidential Offering Summary with further details about this opportunity!

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Property Features and Assets:

The main plant and store is a stand-alone building of about 3,748 sq. ft. of space plus a covered drive-thru and new $50,000 pvc roof on .31 acres which is included in the purchase price. • Estimated FF&E Value: $330,000 • Estimated Inventory Value: $20,000 • Estimated Real Estate: $825,000 (Feb2022 professional valuation) And a leased drop store of about 1,400 sq. ft.

Market Competition and Expansion:

Have set up the business processes with the intent of expanding into compatible co-supportive services. No nearby competitors in this exclusive area of the city. Have been elected 'Best Of' the city Dry Cleaner every year since 2018.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • 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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