Description
Our firm is excited to present this fully equipped, environmentally-friendly dry cleaners with on-site shirt laundry. Located in prime northern Oakland County within an A-class plaza, surrounded by residential homes, this dry cleaner is a fantastic opportunity. The facility features a 50LBS hydrocarbon machine installed around 2014, a double buck Sankosha shirt machine, Shankosha pants and utility press. Along with a lot of other equipment/machines. All equipment is in excellent condition, meticulously maintained by the owner. The boiler, air compressor, and water tank are also in amazing condition with ZERO issues. This is a must-see plant, and all equipment is included in the sale.
Before the challenges of COVID-19, annual sales reached approximately $200,000. Despite shorter operating hours, the owner has made a remarkable post-COVID comeback, bringing sales close to pre-pandemic levels. Interestingly, the current owner, without any advertising, generates over $75,000 in annual income without advertising additional services such as alterations, leather cleaning, and same-day services.
For a new owner, the potential for sales growth is substantial. Introducing a pick-up and delivery route within the area, along with wholesale opportunities for shirt cleaning/pressing to cleaners without shirt laundry or dry stores, can significantly boost revenue. This is a turn-key dry cleaners with all the necessary equipment and systems for a successful operation.
Get More InfoBusiness Overview
Revenue | $162,848 |
Cash Flow | $75,000+ |
Inventory | $5,000 +/- |
Year Established | 2004 |
Seller Financing | Yes |
Employees | 2FT 0PT |
Asking Price | $125,000 |
Key Statistics
- Hours of Operation: Mon-Fri 7am-7pm, Sat 9am-4pm
- Employees: 2 Full Time 0 Part Time
- Year Established: 2004
- Year Acquired: 2014
- Liscence Required: Boiler License
- Seats: N/A
- Parking: Ample
Financial Information
- Gross Sales: $162,848
- Source: Seller Provided Financials
- Cash Flow: $75,000+
- Source: Seller Provided Financials
- Inventory Value: $5
Seller Financing
- Business Price: $125,000
- Down Payment: $75,000
- Monthly Payment: $1,578
- Interest Rate: 8.5%
- Amortization Period: 36
Location
- Monthly Rent: $4,000
- Lease Terms: Lease Expires: 6/30/2024 with option to renew
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Disclaimer
The information on this website is for informational purposes only and should not be considered legal, financial, or investment advice. Capital Commercial Group, Inc. makes no guarantees regarding potential income, market conditions, or the accuracy of the information provided. This information has been supplied to Capital Commercial Group, Inc. by sellers or obtained from other sources. We have not and will not verify its accuracy and recommend that purchasers independently verify any information with their own counsel. Links to third-party sites are provided for convenience; we do not endorse or assume responsibility for their content. Users should conduct their own due diligence and seek professional advice before making business decisions.