Dry Cleaners Est 25 years
- Listing Id: 1987
- Broker Name: L. Gary Stinson
- Category: Dry Cleaners
- Asking Price: $100,000.00
- EBITDA: $60,024.00
- Real Estate: $650,000.00
- Cash Flow: $25,000.00
- Inventory: $1,500.00
- No. Of Full-Time Employees: N/A
- No. Of Part-Time Employees: N/A
- Gross Income: $135,000.00
- FF&E: $45,000.00
- Year Built: N/A
- Address: Click Here
- Zip Code: Click Here
- City: Phoenix
- State: AZ
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
Established for 25 years in the same location, this family operation has built a reliable customer base. The bad news is road construction has impacted revenue for an extended time period going from $250,000 a year to $135,000 a year for the past few years. The good news is when construction has completed and access is once again normal, history says the revenues will come back. However, due to the owner’s age and the cash drain of the past few years, he needs to make changes and therefore has decided to sell. He is willing to remain for an extended time as an employee to assure continuity with the customers.This is an unusual opportunity to acquire a positive revenue stream at a reasonable price and profit from the upturn when the construction finishes in less than a year from now.For the experienced operator, this is worth examining to see the opportunity offered.
Financial Summary
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