Prominent Dry Cleaning Business with Property For Sale

Cook County, IL

Seller Financing Available

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Asking Price:$650,000
Gross Revenue:$635,513
FF&E:$165,000
Cash Flow:$222,778
Inventory:$5,000
Real Estate:$300,000
BUSINESS DESCRIPTION

Prominent local dry cleaning business - with related property - delivering substantial sales and cash flow is ready for new owners!

Investment highlights include:

* Turnkey business provides a range of fabric cleaning, pressing and tailoring services.
* Consistently generates substantial cash flow from large, local customer base.
* Conveniently located on busy commercial and retail street with significant traffic flow.
* Operates in a one-story building on a half-acre lot included with the business sale.
* Well-equipped facility includes washers, dryers, fabric pressing stations and sewing machines as well as sorting bins, racks and storage for cleaning solutions, hangers and garment bags.

The business is being offered with the real estate (building and property, with property being offered by Caton Commercial Real Estate Group (Caton) and Steven P. Eschbach as independent real estate agent with Caton as senior commercial broker), with an asking price of $300,000, making the total transaction value of $950,000.

The retiring business owner is open to providing seller financing and mentoring to qualified buyers for a limited period of time.

Call for more details!


DETAILED INFORMATION
Location
Cook County, IL
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
FF&E Overview: Furniture, fixtures and equipment included are typical for an established dry cleaning business with tailoring - washers, dryers, pressing equipment, sewing machines. FF&E General Condition: All equipment in good condition.
Competition
Growth View Research projects the U.S. dry cleaning and laundry services market will grow at a 4.5 percent compound annual growth rate between 2022 and 2030. Supporting this growth in the near-term is the post-pandemic return to the office while longer-term increasingly busy consumer lifestyles will further drive demand.
Financing
Owner Terms:$162,500.00 Interest:7% Term Months:36 Monthly Payment:$5,017.53
Support & Training
Number of Weeks Seller Will Offer Training: 4
Reason for Selling
Pursuing other interests
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Steven
Eschbach
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Steven Eschbach