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  • RE:  Prof'bl Dry Cleaner And Laundry W $62K Incentive
  • Contact:  Jim Hickey
Owner Financing is Available!
Seller just lowered price - $26K below BPO plus additional incentive on rent to own on building: $36,000 for qualified buyer.

Quick Facts

Asking Price: $237,000
Annual Revenue: $430,000
Net Profit: $62,000
Cash Flow: $80,000
Total Debt: Not Disclosed
FF&E: $120,000
Real Estate: Not Disclosed
Year Established: 1986
Employees: 8
BBN Listing #: 943447
Broker Reference #: Not Disclosed

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Business Overview:

This is an exceptional opportunity to acquire an award-winning dry cleaning and laundry service provider that essentially has no competition. The Company has been pre-approved by several SBA-backed lenders. The SBA has waived their guarantee fees (usually 3% of purchase price) through September, 2024 for loans under $1,000,000. The buyer will need at minimum $25K down payment. This business is set to be expanded by someone who wants to grow the business.

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Property Features and Assets:

Primary Industry: Full service dry cleaner and laundry services
Location: Corning and Elmira, NY area
Business type: Established business with real estate
Owner involvement: Absentee owner possible; Talented team in place
Not relocatable; Not a franchise.

Financial information: Asking Price: $ 250,000
Gross Revenue: 430,000
Cash Flow (avg. SDE): 62,730
Asking Price Includes: Furn, Fixtures, Equipment: $102,400
Vehicle: 18,000
Inventory: 2,000
Asking Price excludes: Real Estate: 280,000
“Lease to own” is possible, where a portion of the lease is applied to the Purchase price. For example, up to $1,000 per month of lease payments could be applied to the down payment on the building.

Market Competition and Expansion:

Significant opportunities exist for expanding pick-up and delivery services, wash & fold services, and increased pricing, especially for quicker turn-around requests. Current marketing has been mostly on the website. Additional marketing could substantially increase revenue.

Reason for Selling:


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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