Dry Cleaner For Sale
Location Ontario,Canada
Asking Price Range $500K - $1.0M
Gross Revenues $1025000
Net Profit / Cash Flow $225000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1970
Number of Employees 20 - 34
Inventory $625000
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training Complete as required.
Reason for Sale Retirement.
Description Excellent business investment for a manager. Long respected regional dry cleaner located in eastern Ontario. This dry cleaner serves clients from outlets in 4 thriving communities. Services are provided from both seller owned and leased facilities. There are no environmental issues! The business employs 30 staff. The Company has long been known for quality service and the owner has continually invested in equipment upgrades and replacement as required. This business continues to grow via strategic acquisition and new business lines, a reflection of this owner's objective to maintain momentum and market exposure, and increase profitability. Overall return is 25-30%. This dry cleaner exhibits all the postive characteristics of a market dominator. Ideal buyer will possess excellent business management skills and access to min. $500k for entry. Seller is retiring, willing to provide some financing, and is willing to train and negotiate on-going growth and management consulting services with new owner. The offering price is $900,000 and there is room for negotiation. BDC financing available. Motivated seller wishes to retire. Plant property @ 5,000 sq ft is also available to lease or purchase (with first option). Email or call at 613-695-3822 for more information on this dry cleaner for sale.
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