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Dry / Wet Cleaners In San Diego County
Location: United States -> California
Industry: Business Services > Laundry




Business Summary

2022 revenue of $133k through May '22 is up 78% and net profit is up 386% YOY! Former dry cleaners converted their equipment to compliant, Poseidon brand ''wet'' cleaning systems in 2017. 2021 SDE of $84k on revenue of $244k. These owners have operated this profitable business in the same location since 1996 and have established a loyal clientele'. Convenient shopping center location near freeways with high-end clientele' living close by. Turnkey operation ready for a buyer to take over seamlessly!
Purchased in 1996 and been family operated since. Converted to Poseidon wet cleaning equipment in 2017. Downturn during COVID was painful, but the business is now recovering very well, with 2021 revenue solidly higher than 2020 and 2022 YTD revenue up nearly 80% YOY through May.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $244,142
Cash Flow:   $84,655
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $78,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1996
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  4 weeks
Reason For Selling:  retirement

Photos

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Dry / Wet Cleaners In San Diego County Photo 1




Print Listing Id: 700371621
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Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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