Last Revised: 9/18/19. Posting #: 250377
Key Words: dry cleaners, dry cleaner, dry cleaning, dry cleaner plant, san diego, absentee
Financial Info: Price: $99,000. Down: $99,000. Adjusted Net: $55,000. Annual Revenues: $266,985. Some seller financing may be made available to qualified buyers. Includes all dry cleaning and laundry machinery and equipment as well as pickup/delivery van. Three revenue streams contribute to increasing revenue.
Profile: This is a successful and profitable "full plant" that has been established in a convenient San Diego county location for 28 years. Includes all dry cleaning and laundry machinery and equipment as well as pickup/delivery van. Three revenue streams contribute to increasing gross revenues each month.
Located in a densely populated area and services a broad range of clientele including, business professionals, military personnel and major corporate accounts. Well known in the community, loyal customers based on years of reliable and high quality service.
Owner is retiring from the industry and would like to offer this opportunity to a qualified buyer who has the capability to carry on the tradition of tremendous service its customers have come to expect. Warm introductions to all corporate accounts will be made and training will be provided to new owner. Regular business hours are currently Monday - Friday, 7am - 7pm, Saturday, 9am - 4pm, and there are several full-time, long tenured, employees on staff that allows for much flexibility to owner.
Seller discretionary earnings (SDE) upside for a new owner/operator. Some seller financing may be made available to qualified buyers.
Competitive overview highly regarded and sought after service provider with major accounts in place that give it an edge over competition. This "full plant" means all service is provided on site, versus nearby competition that are drop off agencies and rely on third party service providers. This is a very convenient and easy access location for local residences, military personnel and others. It is also within easy driving distance to pick-ups and drop offs to commercial accounts. The business has cornered a certain market based on long established relationships and highly reliable, great quality service. Nice storefront in a safe strip plaza with ample parking make this location convenient and attractive to patrons.
Potential growth the growth opportunity is tremendous with the potential to use this "full plant" as a service center to other dry cleaners in the area. Pursuit of new corporate accounts in the surrounding area is also an opportunity for expansion. Seller is already seeing growth from commercial accounts based on positive word of month.
Showing instructions: Contact Agent
Professional Resources & Contacts To Help You Close Your Deal!
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Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
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Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
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