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Dry Cleaners,High Profits, Priced To Sell, Retirement

York County, PA

Seller Financing Available
Dry Cleaners,High Profits, Priced To Sell, Retirement
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Asking Price: $349,000

Cash Flow: $175,000

Gross Revenue: $515,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $5,000 /Month

Established: 2002

Dry Cleaners,High Profits, Priced To Sell, Retirement

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Business Description

50 YRS.::DRY CLEANERS: Plant, two drop stores, routes, walk ins, residential, commercial accounts. Great reputation, very reliable company that can expand the delivery areas, also gain more commercial accounts to continue growing this business.Through September 2019, net income is up about 10% over last year.
Over 80% of business is credit cards. Approximately 30% is dry cleaning, remainder shirts and wash/fold and pick up.
The method used is Hydrocarbon, which is a very safe handling .
Two vans are part of the sale, fully equipped dry cleaner factory including boiler, topper, hampers,racks, baggers, dry cleaning machine, presses and washers/dryers. Call today so we can show you why this Business continues to grow for over 50 yrs.

Detailed Information

Location:
York County, PA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
N/A
Employees:
17
Facilities:
Main plant for retail/ commercial facility. One drop store with all types alterations, one just drop store. 25% of Sales comes from daily delivery routes with two full time drivers and Company supplied vans.
Competition:
Established over 50years ago, great reputation, very reliable company. They are the major dry cleaner and drop off stores where they are located. New owner can expand the delivery area and increase their marketing efforts for both delivery/ pick up and walk ins. Over 70 % of business is generated by walk ins, and only 25% commercial business.
Growth & Expansion:
Internet and social media methods can grow this type of business. The routes currently have 200 monthly accounts that can be grown in these delivery and pick up areas. Employees have experience so the place is easy to manage and employees are very knowledgeable in running the dry cleaners.
Support & Training:
Three weeks during transition.
Reason for Selling:
Retirement
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Michael Schimmel

Business Listed By:
Michael Schimmel

Excel Business Advisors LLC

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