Profitable Dry Cleaners in Prime Location; Minimal Competition

Carson City, Nevada

Ad ID: 1483396
Type: Established business
Category: Services – Drycleaning/Laundry
Category: Services – Other Business Services

Financials
Asking: $330,000
Included in the Asking Price:
Furniture, Fixtures & Equipment: $101,900

Gross: $310,821
Cash Flow: $129,053

Summary Description
An excellent opportunity to own a profitable, long-established dry cleaning business with multiple streams of income. For over 25 years, the Owners have been passionate about helping their customers, and have attracted a loyal, life-long following. Personalized customer care separates this business from its only competitor, and loyal clientele realize the quality and results they get from this Dry Cleaners and spread the word. They receive stellar reviews on social media and have never had to advertise. This is not a franchise, and locals in this community support their non-franchise business owners. In addition to a strong repeat customer base, this business brings in revenue through contracts with the State of Nevada Legislature, the local high school, and a local hotel. There is plenty of room for expansion (current Owners choose to keep it at its current size). The facility is turn-key, and two key employees are willing to stay. This is a rapidly growing area, and a motivated Buyer could step in and grow the business to the next level, or enjoy continued year-over-year growth just by running the operation as-is. Current Owners are retiring after a career in the dry cleaning industry are willing to help a Buyer with a smooth transition into this business. Seller is prepared to carry; Business is SBA pre-approved.

General Information
Year Established: 1992
Employees: 2
Facilities: A 1500 sf fully-equipped facility. Over $50,000 of Equipment is included in the sale. The store is visible, easy to access, and offers ample parking.

Market Outlook
Competition: Owner operated over 25 years ago, this Dry Cleaners is known for its reasonable prices and above-and-beyond customer service. The commitment and know-how of the Owners and employees has built a solid repeat customer base. Multiple streams of revenue include contracts with the local high school (ROTC and band uniform cleaning), State of Nevada Legislative entities, a local hotel chain, and many repeat customers.

Growth and Expansion: This fully equipped Dry Cleaners has enjoyed decades of positive growth and the Owners have never needed to seek out more business through advertising. A motivated buyer could grow the company rapidly in many ways: offering coupons and specials to residents and businesses coming to the area, building a website to increase on-line visibility, offering specialty cleaning services (i.e. sneakers), and offering pick-up and delivery service.

About the Sale
Financing: $130,000 down, $2,489/mo for 103 mos
Support/Training: 1 week/negotiable
Reason Selling: Retirement











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