Prominent Dry Cleaning Business With Property
Not Disclosed, IL Cook County
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- RE: Prominent Dry Cleaning Business With Property
- Contact: Steven Eschbach
Quick Facts
| Asking Price: | $650,000 | |
| Annual Revenue: | $635,513 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $222,778 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $165,000 | |
| Real Estate: | $300,000 | |
| Year Established: | Not Disclosed | |
| Employees: | 4 | |
| BBN Listing #: | 909652743 | |
| Broker Reference #: | 3233-861227 |
Business Overview:
Prominent local dry cleaning business - with related property - delivering substantial sales and cash flow is ready for new owners!
Investment highlights include:
* Turnkey business provides a range of fabric cleaning, pressing and tailoring services.
* Consistently generates substantial cash flow from large, local customer base.
* Conveniently located on busy commercial and retail street with significant traffic flow.
* Operates in a one-story building on a half-acre lot included with the business sale.
* Well-equipped facility includes washers, dryers, fabric pressing stations and sewing machines as well as sorting bins, racks and storage for cleaning solutions, hangers and garment bags.
The business is being offered with the real estate (building and property, with property being offered by Caton Commercial Real Estate Group (Caton) and Steven P. Eschbach as independent real estate agent with Caton as senior commercial broker), with an asking price of $300,000, making the total transaction value of $950,000.
The retiring business owner is open to providing seller financing and mentoring to qualified buyers for a limited period of time.
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Property Features and Assets:
FF&E Overview: Furniture, fixtures and equipment included are typical for an established dry cleaning business with tailoring - washers, dryers, pressing equipment, sewing machines.
FF&E General Condition: All equipment in good condition.
Market Competition and Expansion:
Competition: Growth View Research projects the U.S. dry cleaning and laundry services market will grow at a 4.5 percent compound annual growth rate between 2022 and 2030. Supporting this growth in the near-term is the post-pandemic return to the office while longer-term increasingly busy consumer lifestyles will further drive demand.
Reason for Selling:
Pursuing other interests
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
Relevant Links:
- View more Illinois businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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