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BUSINESSES FOR SALE

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Businesses For Sale   >>   Kentucky Businesses For Sale Categories   >>   

Award Winning / Profitable Dry Cleaning Business For Sale

Location  Kentucky,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $1329000
Net Profit / Cash Flow  $196000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1962
Number of Employees  35 - 49
Inventory  305000
Relocatable  No
Number of Employees  35 - 49
Real Estate  Owned
Training  State of the art tangible assets (FF&E and prime real estate) plus the intangible value of the business, should create favorable financing terms for most lenders with a ''strong buyer.'' Seller may consider some financing with terms to be negotiated.
Reason for Sale  Retirement.
Description  This business was founded by the first generation owners in 1962; and was transferred to the second generation (current) owners in the early-mid 1990's. In 1996, the firm purchased land and constructed an 8,000 s.f. production facility and storefront (with drive-through service); additional retail stores (with drive-through service) were opened with two locations in 2002 and the fourth location in 2004. All stores are located in high-growth, upscale areas with a loyal customer base of over 5,000 predominantly affluent clients. The business also has two delivery routes, and has several commercial accounts including the Cincinnati/Northern Kentucky International Airport, hotels, churches, schools, municipal departments and other businesses. The company's brand has been voted consistently Northern Kentucky's Best since 1994. Real estate included in price, approx value $750,000.
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