Dry Cleaning Business - Well Established in Affluent Area

Business
  • Listing# : 16545
  • Listed Price : $850,000
  • Total Sales : $670,530
  • SIC : 7216
  • Down Payment : $85,000
  • Status : Active
  • Discretionary Earnings : $149,857

Business Type :

Cleaning / Dry Cleaners

Business Description :

PRE-COVID 2019 SELLER DISCRETIONARY EARNINGS $255,000
This opportunity is prescreened for financing with a 10% cash down payment. 

This is a well-established dry cleaning business located in an affluent area of Baltimore County. They have one main plant and a second drop-off location.

Sales have met or exceeded 2019 monthly numbers since May 2021 and are expected to continue this trend into the fall of 2021. New equipment was installed in August 2021 that will increase production and efficiency. 

Several competitors have closed since the COVID shutdown.  The reduced competition has boosted sales since restrictions were lifted in early 2021. 

This is an excellent opportunity to enter this industry at a fraction of the cost of starting new. 

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $2,500
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $175,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $177,500
    • Incl : Yes

Lender Prequalified: Yes

Similar Listing :

Cleaning
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