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Address: 121 King St, Dameitta, Egypt
Phone: +25-506-345-72
Email: [email protected]

Long Established Eco Dry Cleaners

Long Established Eco Dry Cleaners

Wayne County

Listing#: C2646

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Description

Dry cleaners are making a major comeback after the pandemic. Many of the smaller cleaners closed leaving the market wide open for the successful ones who survived the pandemic. This is one of those cleaners who had amazing sales in the past and is right back on track to get to their pre pandemic numbers.
This cleaner is located in an amazing part of Detroit right by the high end neighborhood of Indian village. It sits on a major road and brings the seller a lot of foot traffic daily. The seller has owned this business for over 15 years and has done many improvements to make it a one stop shop for its clients. The cleaner has two state of the art wet cleaning machines so there are no regulations with chemicals from DEQ. They also have 2 steam dryers to help prevent shrinking. This is the new way of doing dry cleaning without harmful chemicals, smells, and damaging clothing. This is also a full plant with pant presses, utility presses, and a full shirt machine. The owner put in a new air compressor and boiler 3 years ago. The equipment is in excellent condition with a lot of life left to keep growing the already high sales numbers. The owner has had the same 2 employees working for him for the past 15 years with no issues.
The cleaner has had steady sales; 2018 – $280,664, 2019 – $282,987. The 2020 sales was $168,124 while being shut down for almost 4 months and people working from home. The 2021 sales was $210,797.64 with a cash flow of $73,778.95 while people were going back into the office and things were getting back to normal. The cash flow has grown even with the pandemic because the owner did many things to eliminate extra expenses. The rent and utilities are very low in this location
This is an amazing opportunity for someone to get into the dry-cleaning business at its prime. The market is not over saturated as it used to be. A new owner can start doing free pick-up and delivery to many of the luxury apartment complexes in the area to secure all those customers. Also, offering wash and fold services and doing wholesaling to other cleaners could greatly increase those already high gross sales.

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Business Overview

Revenue $210,798
Cash Flow $73,779
Inventory $5,000 +/-
Year Established 1940
Seller Financing Yes
Employees 1FT 2PT
Asking Price $150,000
Key Statistics
  • Hours of Operation: Monday - Saturday: 9 AM - 5 PM

  • Employees: 1 Full Time 2 Part Time

  • Year Established: 1940

  • Year Acquired: 2005

  • Liscence Required: Dry Cleaning

  • Seats: N/A

  • Parking: Ample

Financial Information
  • Gross Sales: $210,798

  • Source: Seller Provided Financials

  • Cash Flow: $73,779

  • Source: Seller Provided Financials

  • Inventory Value: $5

Seller Financing
  • Business Price: $150,000

  • Down Payment: $50,000

  • Monthly Payment: $1,933

  • Interest Rate: 6%

  • Amortization Period: 60



Location
  • Monthly Rent: $1,300 Gross

  • Lease Terms: Lease Expiration: 2023

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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.