Established and Profitable Dry Cleaners - 2 Locations
North CarolinaListing DetailsOffice ID: DRYCLEAN1
Listing Broker: Joe Vagnone
Listing Price: $495,000
Gross Revenue: $500,874
Cash Flow: $118,520
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Sellers will consider some financing to the right, qualified buyer.
Absentee Owner: Yes
Reason for Sale:Both owners have outside, full-time careers.
Training:Negotiable, if needed. Day-to-day operations people are in place.
OperationsYear Established: 2007
Form of Ownership: LLC
Employees (full-time): 8
Employees (part-time): 3
Business Hours: 7a-7p Mon.-Fri., Sat. 8a-2p, Closed Sundays
Business Description:Since opening in 2007, this established and profitable business has enjoyed consistent, double- digit growth every year of operation, with only the benefit of word-of-mouth advertising. A full service dry cleaning and laundry services operation with the largest capacity and top-of-the-line, top rated, and well maintained machines, great expansion potential and a solid & loyal customer base, this business has everything in place to grow into this area’s premiere community dry cleaners. This business currently has two convenient locations, the main location in the Lake Norman Area with a drop-off location in Charlotte. Both locations are conveniently located on busy, heavily traveled area highways. This business offers a new owner not only continued growth and expansion potential, but the chance for a new, fully engaged owner to own a well established service business in an industry that will benefit from the growth in the Lake Norman and Charlotte areas for many years to come.
Owner Qualifications:Personnel management, accounting, business management (This business has a great, trained staff in place.)
Competition:This business has 2 main competitors in the market area, and competes on the basis of price and customer service.
Potential Growth:The potential growth of this business is unlimited. The 2 locations are in heavily traveled areas, and with a new, fully engaged owner, could explode! The current owners do not advertise.
LocationType of Location: Strip Center
Monthly Rent: $6,472
Both locations are in strip centers with heavy traffic, and both have great parking. Location 1 has 2,100 SF, and location 2 has 2,400 SF.
Last Updated: Oct 21, 2019 / 11:00 AM
Financial Information Current As Of: Aug 21, 2017 / 6:28 PM