Gulf Coast Dry Cleaner Service with Real Estate Included
Pensacola, FL
| Asking Price: | $1,150,000 |
| Gross Revenue: | $1,080,000 |
| Real Estate: | $450,000 |
| Cash Flow: | $214,000 |
| FF&E: | $240,000 |
Listing ID: 2126405Listing provided by BizBuySell
BUSINESS DESCRIPTION
Dry Cleaning is High Profit
This dry-cleaners is not your average dry-cleaners. It has seven satellite locations for picking up and dropping off garments and one huge processing plant. Each location is in a different city or area, allowing the company to pick up business in areas that don't have competition and expand it's reach. It also works with a local laundromat and picks up garments from there as well.
This dry cleaners is the largest in the area and has the large processing plant's real estate included in the asking price. Real Estate is worth 450k but included in asking price.
It's also primed to grow. A new owner could open more storefronts in areas without competition or start offering delivery.
DETAILED INFORMATION
Location
Pensacola, FL
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Employees
24
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Large 6,000 foot processing plant goes with the business and is included in asking price along with the work vans, dry cleaning equipment, and all of the furniture in the drop-off/pick-up storefront locations. The satellite locations are leased.
Competition
In several of the highly populated ares with storefronts, there is no competition at all. This means that if someone there needs a suit pressed, they can either drive 45 minutes or go with this company.
Growth & Expansion
A new owner can easily set up more pick-up and drop-off locations or start offering delivery (for a fee). Both options would increase revenue.
Reason for Selling
Retirement
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