Description
Our firm presents this long-established dry-cleaning plant with shirt laundry, located in a heavily populated Downtown area within Oakland County. This location has been a staple in the area for over 70 years, and the business has built a loyal customer base through exceptional service and consistent high-quality cleaning. The business benefits from a densely populated area with many residential homes & apartments along with tons of local activities.
The dry cleaner has a successful history, delivering customer satisfaction and establishing itself as a trusted cleaner in the area. The current owner has 2 part-time pressers along with a counter worker who typically works the afternoon shift. The owner’s main role is to start the daily operations and load the machines in the mornings. All employees have been with the business for many years. This location has on-site shirt laundry with a single buck machine along with a hydrocarbon dry cleaning machine (35 lbs.), multiple presses, and a HotHead press, newer boiler, and a 30LBS UniMac washer. All equipment has been well-maintained and is in great condition.
There is TONS of room for growth within this location. A new owner can offer wholesale shirt laundry to other cleaners, start up a pick-up and delivery route, along with offering wash and fold services to all the apartments in the surrounding area. Since Covid, many other cleaners in the area closed, making this location one of the few dry cleaners within this heavily populated downtown area.
Get More InfoBusiness Overview
| Revenue | $230,294 |
| Cash Flow | 120,000 |
| Inventory | $7,000 |
| Year Established | 1950 |
| Seller Financing | Yes |
| Employees | 2FT 2PT |
| Asking Price | $180,000 |
Key Statistics
- Hours of Operation: Mon-Sat 8am-6pm
- Employees: 2 Full Time 2 Part Time
- Year Established: 1950
- Year Acquired: 2005
- Liscence Required: Boiler, DEQ
- Seats: N/A
- Parking: Ample
Financial Information
- Gross Sales: $230,294
- Source: Seller Provided Financials
- Cash Flow: 120,000
- Source: Seller Provided Financials
- Inventory Value: 7,000
Seller Financing
- Business Price: $180,000
- Down Payment: $65,000
- Monthly Payment: $2,332
- Interest Rate: 8%
- Amortization Period: 60
Location
- Monthly Rent: $3,500
- Lease Terms: 5 Years
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Disclaimer
This information has been supplied to Broker, Capital Commercial Group, Inc. by seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. Thus, Broker does not guarantee this information to be accurate. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser`s councel.