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Health & Personal Care

Established Profitable Retail Dry Cleaning Business/Plant

Suffolk County, NY, USA
Updated 3 days ago
Established 2004

This is an opportunity to acquire a well-established, highly profitable French style dry cleaners with financing available. This family-run dry cleaning, laundry and alterations business has served the Eastern Long Island community since 2004. Among its clientele are many well-known prominent people, including celebrities and financial professionals. Although present ownership owner manages the business on a full time basis, a new owner could hire a manager and reduce his personal daily involvement in the business. While many dry cleaners are just “drop off” stores and subcontract the cleaning to outside plants, this business has its own cleaning plant, assuring quality & timely deliveries. Quality and quick response are more important than price to the store’s customers. While the business is highly profitable, the owner feels it has even more potential to achieve greater sales and profits.

Internal Id

Rapt5595

Financing Notes

SBA financing of $1.5MM is anticipated for this deal.

Support & Training

Seller will remain on-staff at no cost for two week period to transistion business.

Facilities & Assets

Completely equipped hydrarbon dry cleaning plant & store.

Number Of Employees

4

Market & Competition

While other cleaners are in the area, ownership feels that his store is unique in offering French Style Dry Cealning Services.

Reason for Selling

Owner has reached retirement age and believes business has growth potential.

Financials

Asking Price
$1.8M
RevenueMost Recent Year
$1.3M
Earnings (SDE)Last Reported
$730K
Assets Value
Undisclosed
Seller Financing
Not available

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