Business For Sale

Laundry & Dry Cleaning

Not Disclosed, MO

Asking Price: Annual Revenue:
$725,000 $1,065,393

Services: Dry Cleaning & Laundry

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RE: Laundry & Dry Cleaning Broker: Scott Belden

Quick Facts

Asking Price: $725,000
Annual Revenue: $1,065,393
Net Profit: Not Disclosed
Cash Flow: $212,111
Total Debt: Not Disclosed
FF&E: $340,000
Real Estate: Not Disclosed
Year Established: 1999
Employees: 29
BBN Listing #: 42854955
Broker Reference #: 5516-14003

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Business Overview:

This regional chain provides laundry/dry cleaning services through multiple retail service locations. The Company also provides wholesale laundry/dry cleaning to two service locations not owned or operated by the Company. In addition, the Company has an agreement to supply laundry/dry cleaning services to a large commercial account. Company vehicles pick up laundry from the service locations, deliver it to the dedicated Company-owned plant where the cleaning work is performed after which it is returned to the service locations. It should be noted for environmental concerns that the Company's "dry cleaning" process utilizes organic petroleum-based hydrocarbon cleaning solvents NOT perchloroethelene ("perc" or PCE) solvents which have been shown to be a contaminant.

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Property Features and Assets:

The heart and hub of the Company is the centralized plant. The modern 7,700 square foot plant sits on a one acre site in an industrial park. The Company utilizes current technology to quickly and efficiently perform cleaning services for each account. This type of operation allows the Company to achieve economies of scale which provide a distinct competitive advantage in the markets they serve. The owners own the plant Real Estate and one retail service center. These two properties are leased to the Company by the owners and are not included in the sale price. The Company owns one service center and leases four others. The owner anticipates no difficulty in renewing and extending leases at current rates for the occupied leased property. There is approximately $50,000 of the $119,000 allocated to rent expense to cover the purchase price of the $725,000 Real Estate. Assets: $340,000

Market Competition and Expansion:

The Company enjoys a commanding presence in its largest market, outnumbering competitors three to one. In other locations, the Company is the sole provider of laundry/dry cleaning service. The hub/spoke operation model provides economies of scale reducing per unit cost, thus the Company is the low-cost market leader. Since the cleaning plant is not operating at peak capacity there is opportunity for growth by adding new accounts or service locations while utilizing the excess capacity of the existing equipment and labor force. With additional capital expenditures, for example, another dry cleaning machine, plant capacity would be increased significantly. The owners have planned for this type of expansion and have allocated space in the plant for additional equipment. Additional opportunities exist in area communities which are not served or are under-served with regard to laundry/dry cleaning services.

Reason for Selling:

Owners are ready to retire.

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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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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