Established Dry Cleaning & Laundry Business

NOT DISCLOSED, Idaho

Asking Price	$2,200,000	Year Established	1979
Annual Revenue	$1,456,664	Reason for Selling	Health Issues
Annual P/L	$476,097	Attention	Philip Denton
Annual Cash Flow	$0	Listing Number	1019172
# of Employees	25	Business Category	Services: Dry Cleaning & Laundry

Business Overview:

Founded in 1979, this independent dry cleaning and laundry business offers more than 45 years of operating history, three store locations, and a full management team in place. This is a non-franchise operation, giving a new owner flexibility over business decisions, branding, and future growth.

The business provides a broad range of garment care services, including dry cleaning, laundry, alterations, wedding gown cleaning and preservation, specialty textile cleaning and much more. Pickup and delivery services add convenience for customers.

Significant expenditures for equipment maintenance and repairs have already been completed. The business operates in a market with limited competition, with existing competitors primarily consisting of franchise operators.

Expansion discussions are already underway through a relationship that could lead to two additional store locations, providing a potential path for growth. Plus, a wholesale partnership that will increase revenue by approx. $300-350k a year that just started!

The owner is selling due to health reasons and will provide training and transition support to help the new owner learn the business and assume operations. For additional information please contact listing agent Mark Cardoza.

Property Features and Assets:

<p>This is a multi-location business with different leased locations. Seller is active with 11 FT and 13 PT employees and 1 independent contractor. Hours of operation are Mon-Thur 8-5, Fri 8-7, Sat 9-2, and closed on Sundays. $5,500 in inventory and $360,000 in FF&E included in the asking price. </p>

Market Competition and Expansion:

Additional Details: