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6 Figure Cash Flow Dry Cleaners & Laundromat
Location: United States -> Arkansas
Industry: Business Services > Laundry




Business Summary

? Unique opportunity to own a dry cleaners AND a coin-operated laundromat

LONGEVITY - This business has been in operation since 1969, and has an OUTSTANDING REPUTATION and is one of the oldest businesses in its market.

CASH FLOWING BUSINESS despite declining revenues due to Owner health issues, this business remains a viable and profitable enterprise. Since 2014 CASH FLOW HAS AVERAGED $82,664.

2017 CASH FLOW TRACKING 10% GROWTH FROM 2016!

TONS OF GROWTH POTENTIAL! Sellers health has seriously declined the last three years, and Revenues have declined as a result. Loss of energy and capability has led to lost business which can be quickly regained by a new owner.

REVENUE GROWTH CAN BE ACHIEVED by gaining business through local schools, the local university, Aramark opportunities, drop locations in nearby towns (owner was asked to do so, but due to health cannot accommodate request), open longer on Saturdays and increased advertising. Draperies used to be a big income producer, but owners have discontinued this due to poor health. Restarting this service will produce an INSTANT REVENUE INCREASE.

TWO ESTABLISHED REVENUE STREAMS! When the dry cleaner business was slow the coin op laundromat carried the business. It is the only air conditioned laundromat in town.

Health concerns have become an issue with the owners, and a factor in the downward trend in sales. The owner is ready to retire.

Some Owner Financing may be available for the right buyer and the right offer.


Asking Price $475,000

For More Information Please Contact Connor Grimes Today At 501-404-4980


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $154,190
Cash Flow:   $83,686
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $117,600
Seller Financing:  Yes

About The Business

Year Established:  1969
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  The seller will provide a negotiated amount of training to ensure an orderly turnover to the new owner. Additional training/consulting beyond the agreed upon terms is available from the seller, if required, for an additional fee.
Reason For Selling:  Owner is ready to retire

Photos

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6 Figure Cash Flow Dry Cleaners & Laundromat Photo 1




Print Listing Id: 700268673
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Also See: Franchise Opportunities > Franchise Resales > Arkansas Businesses For Sale > Arkansas Franchises For Sale > Arkansas Business Brokers



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