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Large, Well Established Dry Cleaning & Laundry
Location: United States -> Tennessee
Industry: Business Services > Laundry




Business Summary

This is a well established, independantly owned dry cleaning and laundry business that has operated successfully in West Tennessee for over fifty years. The business owns a fully equipped 12,500 square foot plant and office headquarters and leases ten drop-off locations, and three home pick-up and delivery routes. There are 65 employees with low turn-over rate. The plant uses petroleum based cleaning products. The business has a strong customer base of over 12,000 customers and prides itself on the high quality of its service and attention to individual customers. The plant is conveniently located near its equipment supplier which is advantageous from a cost and customer service standpoint. There is ample opportunity for growth given the large market and surplus capacity in the plant.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $2,698,671
Cash Flow:   $301,592
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $1,084,900
Seller Financing:  Not Disclosed

About The Business

Year Established:  2013
Number of Employees:  50 - 99
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  8 weeks
Reason For Selling:  retiring




Print Listing Id: 700210074
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Also See: Franchise Opportunities > Franchise Resales > Tennessee Businesses For Sale > Tennessee Franchises For Sale > Tennessee Business Brokers



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