Dry Cleaning Laundry

Financial Information

  • Asking Price: $300,000
  • Gross Revenue: $300,000
  • Cash Flow: $51,000
  • Down Payment: $300,000
  • FF&E (Included): $300,000
  • Inventory: $5,000
  • Financing: Yes

Business Location

  • Hampton Roads
  • Virginia
Primary Business Category: Coin-Operated Laundries and Drycleaners

Purchase this Long-Standing and profitable Dry Cleaning Business w/ two locations. Family owned and operated since 1935, this Cleaners offers premium dry cleaning services with personal care of all customer garments, linens and specialty items as well as commercial client's dry cleaning needs. The employees are experienced as most of the staff has been with the company for 10-15 years, and take pride in the services they offer. One of only a handful of local dry cleaners to utilize a non-toxic solvent that is biodegradable and completely safe for the environment. They also offer Home Delivery and Specialty Cleaning services (Military, Bridal, Rugs, Leather/Suede/Fur, Window Treatments, Bedding, Boots, Smoke/Water damaged items, and more). The 5,000 SF primary location is located along a well-traveled thru-fare with a favorable Rental rate of $3,000 per month and a lease good through December 2017 with an additional 20 year renewal option. Don't let this opportunity pass by without finding out more. Purchase options include Business w/ long-term lease (+Option-to-Purchase) or Packaged Business & Real Estate. Contact FOUAD MOHIT for more information at (757) 237-2301 or [email protected]


Financing Comments

Seller will consider some owner financing.


Reason For Sale
Retirement
  • Home Based: No
  • Year Established: 1977
  • Franchise: No
  • Year Acquired: 1977
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences: City

  • Is Property Leased: No
  • Real Estate Available: Yes
  • Real Estate Included: Yes
  • Real Estate Value: $250,000
  • Real Estate Asking: $250,000
  • Days Open: Monday -Saturday
  • Hours Open: 7:00 AM - 5:00PM
  • Fulltime Employees: 5
  • Part time Employees: 5
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $16,500
  • Building Size: 5000 sq ft
  • Parking: Ample
  • Monthly Rent: $1,600
  • Lease Expires: 12/27/2017

Contact Business Broker

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Business Listed by

Sunbelt Hampton Roads

Contact: Fouad Mohit
Office Phone: 757-557-0006
Mobile Phone: (757) 237-2301
Listing ID: HAMPTVA001-N1580

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