Dry Cleaners & Laundromat - Seeking Hands-on Owner/Management

Knox County, ME

Seller Financing Available

listing image
Sale Pending
Asking Price:$675,000
Gross Revenue:$1,280,000
Rent:$12,000/Month
FF&E:$400,000
Cash Flow:$263,000
Inventory:$10,000
EBITDA:$263,000
Established Year:1973
BUSINESS DESCRIPTION

In business since the early 1970's, this professionally run business has been growing every year. Currently, the business produces over $1.2 million in Revenues, and over $260k in annual Cash Flow. Strong organization in-place for HANDS-ON OWNERSHIP/MANAGEMENT. Excellently maintained tangible assets, including coin-operated washers & dryers, dry cleaning equipment, and pick-up & delivery van. Some Seller Financing available for qualified buyers.


DETAILED INFORMATION
Location
Knox County, ME
Inventory
Included in asking price
Real Estate
Leased
Building SF
7,800
Lease Expiration
31/12/2030
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Excellent located, with well-maintained machinery & equipment.
Competition
Solid customer base, and is growing annually
Growth & Expansion
Numerous growth opportunities
Financing
Negotiable
Support & Training
Strong organization in-place for a Hands-on Owner or Manager
Reason for Selling
Retirement
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Stephen A. Strand, CPA
Certified Business Brokers of Maine
Stephen A. Strand, CPA