Prof'bl Dry Cleaner And Laundry W $70K Incentive

Business Overview:

This is an exceptional opportunity to acquire an award-winning dry cleaning and laundry service provider that essentially has no competition. The Company has been pre-approved by several SBA-backed lenders. The SBA has waived their guarantee fees (usually 3% of purchase price) through September, 2024 for loans under $1,000,000. The buyer will need at minimum $25K down payment. This business is set to be expanded by someone who wants to grow the business.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Primary Industry: Full service dry cleaner and laundry services
Location: Corning and Elmira, NY area
Business type: Established business with real estate
Owner involvement: Absentee owner possible; Talented team in place
Not relocatable; Not a franchise.

Financial information: Asking Price: $ 237,000
Gross Revenue: 430,000
Cash Flow (avg. SDE): 62,730
Asking Price Includes: Furn, Fixtures, Equipment: $102,400
Vehicle: 18,000
Inventory: 2,000
Asking Price excludes: Real Estate: 280,000
“Lease to own” is possible, where a portion of the lease is applied to the Purchase price. For example, up to $1,000 per month of lease payments could be applied to the down payment on the building.

Market Competition and Expansion:

Significant opportunities exist for expanding pick-up and delivery services, wash & fold services, and increased pricing, especially for quicker turn-around requests. Current marketing has been mostly on the website. Additional marketing could substantially increase revenue.

Reason for Selling:

Additional Details:

Relevant Links:

• View more New York businesses for sale
• View more Businesses For Sale in the same industry
• Sell a business online
• Find a business broker