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Large Midwest Laundry, Dry Cleaning, & Carpet Cleaning Business

  • Listing# : 16792
  • Listed Price : $6,700,000
  • Total Sales : $7,123,752
  • SIC : 3582
  • Down Payment : $670,000
  • Status : Active
  • Discretionary Earnings : $511,033

Business Type :

Cleaning / Commercial Laundry, Cleaning / Carpet Cleaning, Cleaning / Dry Cleaners, Cleaning / Cleaning/Clothing, Cleaning / Drape/Curtain Cleaning

Business Description :

Rare Acquisition Opportunity:  Profitable, Established Market Leading Brand Name! 

Highly recognized, long tenured, and successful laundry, dry cleaning, and carpet cleaning business is offered for immediate sale by retiring owner.  Located in a growing, desirable, and populated metropolitan Midwest market, this operation has a successful multi-decade track record of delivering customer satisfaction to its clients while delivering superb returns to its shareholders.

The business has a proven, long standing success formula which will enable new ownership to generate returns on Day One.  Institutionalized processes, convenient customer-driven facilities, diversified service offerings, talented management team, respected brand name, and a highly loyal customer base are just a few of the critical value drivers.  Key reasons to acquire:

1)  Consistent, profitable growth and exceptional proven financial performance  
2)  Market leading brand equity which generates significant pricing power above competition
3)  Proven customer loyalty with an unequaled, decades-in-the-making database 
4)  Broad service offerings -- laundry, alterations, dry cleaning, carpet cleaning and more
5)  Expansive geographic footprint serves a diverse, populated, and growing marketplace
6)  Diversified customer base including commercial, industrial, and residential clients
7)  Multi-channel delivery -- 11 in-store retail locations plus free delivery routes (10)
8)  Point of Sale system provides timely, centralized management oversight & control
9)  Clean books, professional record keeping, & annually CPA-reviewed financial statements  
10) Company-owned processing plant, corporate headquarters, and flagship retail real estate 

Over the last 4 tax years, annual weighted average business revenues of $8.3M generated a healthy $790,000 in annually weighted average cash flows.  The 7.1% adjusted margin is clear evidence of the company's favorable pricing position (and carpet cleaning business mix) when compared to the typical USA dry cleaner according to IBIS World data (5.2% profit margin).  The founding guiding principle of the company – Professional Cleaning Expertise and Outstanding Customer Service – has now become an established brand hallmark and sustainable competitive advantage.  The new ownership team will also become the benefactor of the already invested, significant capital expenditure in a 29,874 square foot central laundry processing facility (which also houses the flagship retail location and corporate offices), combined with a network of convenient leased locations, the business is well positioned for growth while it continues to leverage its premium margin position in the marketplace. 


    • Accounts Receivable $0
    • Incl :
    • Real Estate $2,500,000
    • Incl : Yes
    • Inventory $0
    • Incl :
    • Liabilities $0
    • Incl :
    • FF&E $2,000,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $4,500,000
    • Incl : Yes

Lender Prequalified: Yes

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