Prof'bl Dry Cleaner & Laundry- over $150K reduction & buyer incentive

Steuben County, NY

Seller Financing Available

Outstanding web site
Asking Price:$199,000
Gross Revenue:$430,000
EBITDA:$56,000
Real Estate:$300,000
Cash Flow:$62,730
Inventory:$2,000
FF&E:$122,400
Established Year:1986
BUSINESS DESCRIPTION

This established and award-winning full-service dry cleaner and laundry service business has outlasted several competitors. They have a dedicated team who provide EXTREME customer service. Their reputation for quality and service is recognized by their community and customers. Large growth opportunities include more pick-up & delivery, wash and fold services and pricing upgrades.


DETAILED INFORMATION
Location
Steuben County, NY
Inventory
Included in asking price
Real Estate
Owned
Building SF
3,000
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The equipment is in very good condition and the building is owned by the seller and is available to buy or lease. Seller willing to do rent to own with up to $48K applied to building purchase price. It is a 3,000 square foot single-story stick-built building located at the intersection of two interstate highways. There is large signage on the front of the building and ample parking. The cleaning and finished product areas flow well. The assets include a Mercedes van and the business is ran by an Director of Operations with 23 years experience.
Competition
There is no local competition. Previous competitors have closed their doors. The nearest full-service dry cleaning and laundry service business is 20 miles away, and there is only one other in the county.
Growth & Expansion
Significant opportunities exist for expanding pick-up and delivery services, wash & fold services, and increased pricing, especially for quicker turn-around requests. Current marketing has been mostly on the website. Additional marketing could also substantially increase revenue.
Financing
Seller willing to finance a portion of the purchase price depending on buyer qualific
Support & Training
Seller currently is mostly an absentee owner, working about 5 hours a week. Seller is willing to provide training and support to a buyer nearly full-time in month one, half-time in month two, 1 day a week during month 3; thereafter negotiable. With the Director of Operations managing the day-to-day activity and an experienced staff, the buyer can manage remotely.
Reason for Selling
Retirement and family time.
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James
Hickey
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James Hickey