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Long-Established Dry Cleaners

Oakland County, MI, USA
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Businesses For Sale | Dry Cleaners For Sale

Listing ID : 429006

Posted on March 25, 2024 View Count 411

Price :
$180,000
Business Financials & Assets :
Gross Revenue:
$230,294
Cash Flow:
$120,000
Inventory Included:
No
Estimated Value of Inventory:
$7,000
Furniture, Fixtures & Equipment (FF&E) Included:
Yes
Property Details :
Business Details :
Number of Employees:
4
Absentee Owner:
No
Business Can Be Moved:
No
License Included:
Yes
Real Estate:
Leased
Rent:
$3,500
Building Size:
2,800 Sq. Ft.
Terms :
NDA Required:
Yes
Broker Co-Op:
No
Financing:
Down Payment: $65,000 Monthly Payment: $2,332 Interest Rate: 8% Amortization Period: 60 Months
Equipment Specifications :
Company Overview :
Franchise Overview :
Description :

Our firm presents this long-established dry-cleaning plant with shirt laundry, located in a heavily populated Downtown area within Oakland County. This location has been a staple in the area for over 70 years, and the business has built a loyal customer base through exceptional service and consistent high-quality cleaning. The business benefits from a densely populated area with many residential homes & apartments along with tons of local activities.

The dry cleaner has a successful history, delivering customer satisfaction and establishing itself as a trusted cleaner in the area. The current owner has 2 part-time pressers along with a counter worker who typically works the afternoon shift. The owner’s main role is to start the daily operations and load the machines in the mornings. All employees have been with the business for many years. This location has on-site shirt laundry with a single buck machine along with a hydrocarbon dry cleaning machine (35 lbs.), multiple presses, and a HotHead press, newer boiler, and a 30LBS UniMac washer. All equipment has been well-maintained and is in great condition.

There is TONS of room for growth within this location. A new owner can offer wholesale shirt laundry to other cleaners, start up a pick-up and delivery route, along with offering wash and fold services to all the apartments in the surrounding area. Since Covid, many other cleaners in the area closed, making this location one of the few dry cleaners within this heavily populated downtown area.

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