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Businesses For Sale   >>   Ontario Businesses For Sale Categories   >>   

Independent Dry Cleaner

Location  Ontario,Canada
Asking Price Range  $250K - $500K
Gross Revenues  $275000
Net Profit / Cash Flow  $90000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1975
Number of Employees  1 - 3
Inventory  175000
Relocatable  Yes
Number of Employees  1 - 3
Real Estate  Leased
Training  As required.
Reason for Sale  Retirement.
Description  2 respected and independent Ottawa dry cleaners with plant operations, one with depots. Owners wish to retire. Good commercial contracts in place, with potential for more. One owner is working hard toward new institutional and government contracts that will increase annual sales by 150-200k in the near future. Significant cash in one business. Potential also exists to expand into other areas of the city. Store depots are strategically located in non suburban locations and have good lease terms in place. Ideal for a family investment. Annual revenues have stabilized after HST intro and impact of recession. Businesses can and will grow. Equipment appraised at 175k+. All locations are leased. One plant manager currently in place. Owners manage the business and help out as required. Delivery and pick up from depots in place for one cleaner. Reliable, trusted staff. Owner can clearly validate revenue, expenses and profit. Serious individuals only. Both owners are highly motivated to sell asap and will negotiate price for quick sale. All training and transition will be provided as required.
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