Local Dry Cleaning Chain
Denver, Colorado
| Asking Price: |
Gross: |
Cash Flow: |
| $375,000 |
$1,278,963 |
$184,775 |
Furniture and Fixtures Value:
$200,000 (included in the asking price)
Inventory Value:
$6,000 (included in the asking price)
Business Summary:
PRICE JUST REDUCED. This local, non-franchised dry cleaning chain consists of a dry cleaning plant, 2 dry cleaning pickup stores and delivery routes (hotel, home and commercial). The dry cleaning plant with some retail sales is located in a Denver industrial area. Two environmentally friendly cleaning machines: 2011 Union 880 60 lb. with solvent K-4 and a 2014 Ipura 40 lb. machine. Fully equipped plant with dry cleaning presses, shirt equipment and presses including 55 lb., 60 lb. and 85 lb. washers with extractors and 4 air compressors (includes 3 compressors on standby). Two of the most elite dry cleaning pickup stores in the Denver Metro area with sales of 1)$305,420 and 2)$269,558. The pickup stores are located in affluent areas. Retail prices for both stores are: pants $7.95, dresses $14.85+, blouses – dry cleaned $7.45, laundered dress shirts $3.10 and coats $7.95+. Routes consist of: 1) Hotel cleaning route with 60 to 70 accounts serving mainly downtown Denver, Cherry Creek, Tech Center and DIA. 2) Home delivery area is downtown Denver and South of downtown.3) Commercial accounts include government accounts, medical plus a new $2,000 per month government account. This is a local independent dry cleaning chain.
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| Year
Business was Established: 1973 |
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| Number of Employees:
18FT/7PT |
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| Facilities / Terms of Lease:
3 separate leases. |
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| Potential
Growth/Expansion:
Organic growth of routes and route acquisition. Adding pickup stores. A new owner working in business to manage growth, operation and expenses. Increased marketing and advertising. |
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| Owner
willing to finance:
$259,000 down payment. Seller will finance $25,000 for 60 months at 5.5%. Monthly payment $515. Assume notes of $91,000 for dry cleaning machine and delivery vans. |
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| Owner
willing to train:
As needed. |
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| Reason for selling:
Retirement. |
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| REQUEST MORE INFO |
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