Fire Restoration Services for Textiles, Fabrics, and Clothing

Seller Financing Available

Boasting a 4-year growth trend in revenue and cash flow with
a strong 49% profit margin. Established in 1993 and is
located in Pittsburgh, PA, this company provides laundering
and dry-cleaning services, with a significant portion of its
business focused on fire restoration services. They can clean
most textiles including clothing, bedding, drapery and rugs.
Additionally, they offer route delivery services to their clients
within a 20-mile radius. This business serves a diverse client
base, including corporate accounts such as Avis, Budget, and
ServePro as well as referrals from insurance companies. The
breakdown of services shows that 70% of their revenue
comes from fire restoration, 20% from delivery services, with
less than 10% from walk-ins. The business operates out of a
spacious 6,780 sq ft facility that includes an office space. The
dedicated team of 10 staff members includes a General
Manager, dry cleaning technicians, Route Drivers, and
Facility Assistants. The owners’ responsibilities are all clerical
and can be done remotely from anywhere while the GM
handles all supervising of the staff. The owner is looking to
sell as she approaches retirement age.
Priced at $1,650,000, a 10% down payment of $165,000 will
return $182,279 in the first year after debt payments! There
are several avenues for growth, include additional delivery
routes extended to commercial clients such as healthcare
facilities and restaurants.