Fire Restoration Services For Textiles & Fabrics
Relocatable, PA Allegheny County
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- RE: Fire Restoration Services For Textiles & Fabrics
- Contact: Not Disclosed
Quick Facts
| Asking Price: | $1,650,000 | |
| Annual Revenue: | $859,809 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $419,847 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1993 | |
| Employees: | 10 | |
| BBN Listing #: | 945156 | |
| Broker Reference #: | B2C007-B |
Business Overview:
Boasting a 4-year growth trend in revenue and cash flow with a strong 49% profit margin. Established in 1993 and is located in Pittsburgh, PA, this company provides laundering and dry-cleaning services, with a significant portion of its business focused on fire restoration services. They can clean most textiles including clothing, bedding, drapery and rugs. Additionally, they offer route delivery services to their clients within a 20-mile radius. This business serves a diverse client base, including corporate accounts such as Avis, Budget, and ServePro as well as referrals from insurance companies. The breakdown of services shows that 70% of their revenue comes from fire restoration, 20% from delivery services, with less than 10% from walk-ins. The business operates out of a spacious 6,780 square feet facility that includes an office space. The dedicated team of 10 staff members includes a General Manager, dry cleaning technicians, Route Drivers, and Facility Assistants. The owners’ responsibilities are all clerical and can be done remotely from anywhere while the GM handles all supervising of the staff. The owner is looking to sell as she approaches retirement age.
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Property Features and Assets:
Vehicles: $99,500 – 3 Vans, 1 Box Truck
Equipment: $363,315 – Various Washers, Dryers, Pressing equipment, Office Furniture, etc.
Market Competition and Expansion:
Growth Opportunities: Delivery routes extended to commercial clients such as healthcare facilities and restaurants. The business is closed on Wednesday, Saturday, Sunday – a buyer could extend hours of operation to attract more business if desired.
Reason for Selling:
RetirementAdditional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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