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Cleaners with 25 years history and loyal customer base for sale

Newport News County, VA
Asking Price:$275,000
Gross Revenue:$300,000
Rent:$2,200/Month
Established Year:1998
Cash Flow:$108,000
Inventory:$4,000
FF&E:$200,000
Listing ID: 2197082Listing provided by BizBuySell
BUSINESS DESCRIPTION

Long standing Cleaners with strong loyal customer based for sale.

Owner is looking to retire due to age and looking to sell Successful Dry cleaning business with 25 years of history and a strong loyal customer base. No need to try and gain clientele as installed base is already there. Willing to to train and do a soft hand off of business so that transition is smooth before retiring. Owner financing is also an option and negotiable but would require a percentage down.

DETAILED INFORMATION
Location
Newport News County, VA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,000
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Shirts unit machine is only 2 years old Boiler is only 3 years old Chiller is brand new, a month old 70lb washing machine is only 6 years old All pressers are in good condition computers/registers only 1 years old all equipment in great shape. parking lot is big enough and is shared parking with a State Farm next door. (the state farm doesn't get customers often due to the nature of the business, as most people call in to that location, so parking is usually readily available for customers.
Competition
biggest competition is over 2 miles away. Large dedicated customer base.
Financing
owner financing - $75,000 down, $200,000 financing
Support & Training
Owner will stay with purchaser for a month to help with transition and train, can do 2 months if 2 months ends up being needed. Workers are also very well trained, and fully independent in doing all of their tasks.
Reason for Selling
Trying to retire, owner is reaching the age of 70.
Franchise
This business is an established franchise
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Jefferson cleaner
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Jefferson cleaner
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