Multiple Location Dry Cleaners

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Multiple Location Dry Cleaners

Louisiana

Asking Price:

$650,000

Cash Flow:

N/A

Gross Revenue:

$504,727

Inventory:

Included in asking price

EBITDA:

$162,539

Real Estate:

Owned

FF&E:

$441,251

Established:

1952

Business Description:

Market Leader in Dry Cleaning.

Benchmark Business Brokers presents a North Louisiana regional provider of dry cleaning, laundry service, carpet and rug cleaning, and air quality solutions for its customers. The company also services its customers through established delivery routes.

This company was started in 1952 by its founder and has been consecutively family owned and operated since inception. Company has a strategically located 15,000+/- square foot “plant” that also serves as a store front for walk-in business.

Assets for sale includes inventory (equipment, rack inventory, supplies), Furniture, Fixtures, Computer Equipment, Delivery Vehicles as well as Intangible Assets (trade name, webpage, domain name).

Seller owns two of the locations (real estate and FF&E) including the plant. The third location is leased. Owner will consider selling the real estate as well.

Marc L. Able is Licensed by the Louisiana Real Estate Commission.
Agent is sponsored by Coldwell Banker Group One Realty.
2120 Cypress St., West Monroe, LA. 71291. (318) 362-0007
Licensed in Louisiana.
Each office is independently owned and operated.

Detailed Information:

Inventory:

Included in asking price

Real Estate:

Owned

Building SF:

N/A

Employees:

Furniture, Fixtures, & Equipment (FF&E):

Included in asking price

Facilities:

Company operates out of a “plant” on a busy street with store front and drive-through service. Company owns two other locations that features drive-through service, walk-in, over the counter sales.

Competition:

Due to its long history of successful operations and plethora of satisfied customers, this cleaner business estimates to control approximately 50% of the market in its geographic territory. The pandemic forced a major competitor out of business leaving even more market share to gain.

Growth & Expansion:

This company has maintained consistent Gross Sales, Gross Profit Margins and Operating Profit Margins for years. There are opportunities for growth and expansion within its region and expanding outside the region with both its products and services. The owner will provide more detail during due diligence.

Support & Training:

Business has well-trained staff. Owner will stay available for up to 30 days in order to ensure a smooth transition.

Reason for Selling:

Retirement

Franchise:

N/A

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