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Listing Details - Drycleaners/Laundromat: 43 yrs of profitability and superior service For Sale
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Drycleaners/Laundromat: 43 yrs of profitability and superior service For Sale
(Cleaning/Laundry Related, Dry Cleaning ; Cleaning/Laundry Related, Laundromats)
Pine Bluff, Jefferson County - Arkansas
| Seller Financing: |
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| Lender Pre-Qualified: |
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| Listing ID: |
75042 |
| Status: |
Active |
Listing Details
| Listed Price: |
$560,000 |
| Down Payment: |
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| Total Sales: |
$223,632 |
| SDE: |
$102,365 |
| EBIT: |
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| EBITDA: |
$102,365 |
| FFE: |
$50,000 |
Included? |
| Real Estate: |
$300,000 |
Included? |
| Inventory: |
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Included? |
| A/R: |
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Included? |
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| Reason for Sale: |
Owner is retiring after 26 years of owning the business. |
| Training: |
Seller is willing to train new owner for up to 60 days. |
| Financing Terms: |
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Operations
| Year Established: |
1969 |
| Last Acquired: |
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| Form of Ownership: |
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| Home Based: |
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| Relocatable: |
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| Type of Location: |
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| Absentee Owner: |
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| Online: |
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| Employees: |
Full Time: 5 / Part Time: |
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| Hours: |
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| Owner Hours: |
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| Non-Owner Payroll: |
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| Franchise Info: |
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Location
| Lease Expire: |
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| Option: |
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| Lease Security: |
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| Square Footage: |
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| Facilities: |
Located in 5200 sq ft building with 160 feet of frontage along a popular strip commercial corridor which includes offices, fast food restaurants, convenience stores, neighborhood strip shopping centers, grocery stores and branch banks. Facility was built in 2003 and consists of two suites - 1,820 sq.ft. coin laundry and 3,380 sq.ft drycleaning/commercial cleaning. Appraised for $300,000 in 2011. |
Summary
| Business Description: |
Excellent opportunity to step into a profitable business with an outstanding reputation in community built on 43 years of excellent service. Current owner purchased 26 years ago and moved the business into a new building in 2003.
Drycleaning equipment has been meticulously maintained and refurbed with necessary. A new boiler was purchased in 2011, a new hot water heater and storage tank in 2010.
The coin laundry business consists of 30 washers and 20 dryers with almost all of the machines purchased new or refurbished within past 3 years.
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| Historical Summary: |
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| Owner Qualifications: |
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| Competition: |
Competition is moderate. There are 2 primary competitors in the drycleaning business and 2 in the coin operated. This business is only one that has successfully integrated both types into single location. |
| Potential Growth: |
Immediate revenue increase would occur by opening drycleaning business on Saturday, Sunday or both. |
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