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6 Store Operation w/ Central Plant & Routes w/ Real Estate

Mecklenburg County, NC
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Asking Price:$1,700,000
Gross Revenue:$3,000,000
Established Year:1991
Cash Flow:$529,000
Real Estate:$1,700,000
Listing ID: 2302819Listing provided by BizBuySell
BUSINESS DESCRIPTION

6 store dry cleaning chain throughout the Charlotte MSA. Business and central plant Real Estate for sale. Operation currently doing approximately $3,000,000 in revenue annually through their 6 stores, routes and commercial accounts. Stores are perfectly positioned throughout the Charlotte MSA and have room for growth. Plant is equipped to handle double the revenues with no additional CAPEX.

8,000 s.f. building where plant is located, is available for sale and features prime frontage and strong ingress and egress. There is another tenant paying rent with a lease in place. Price for the Real Estate is $1,700,000. Business and Real Estate to be sold together. Current NOI $130,000 with a price per ft. of $212.

DETAILED INFORMATION
Location
Mecklenburg County, NC
Inventory
Included in asking price
Real Estate
Owned
Building SF
8,000
Facilities
7,000 sf. fully equipped central plant. Two (2) Union Dry Cleaning machines, 40 HP Parker Boiler, steam tunnel, multiple washers, Unipress double buck, over 7 pressing stations. Room for growth with current equipment and no CAPEX.
Competition
Very little competition with room for growth.
Growth & Expansion
Major upside to grow current revenues at drop stores, routes and commercial clientele.
Support & Training
As needed.
Reason for Selling
Retirement
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Brian Brockman
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Brian Brockman
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