Well-Known & Established Dry Cleaning Plant & Stores (5 location)

Listing Number: 0101-278812

Description

This historic business is known as the leader in the SE Florida dry cleaner industry. With roots that go back 60+ years, this well-known brand continues to deliver on its reputation for offering the best in service to its multi generation customer base. 5 high traffic stores, consisting of a full plant (green K-4 solvent) and 4 drop stores all in concentric proximity to each other. Full management in place at $100,000 (GM and Assistant Mgr.). Stated net income is EBITDA, not Seller’s discretionary earnings (SDE). Management salary has not been added back allowing the Buyer of this business to replace management and capture additional income or keep in place and run this business semi absentee as owner does now. Clean records (no ‘owner to prove’ cash income), all employees are legal and on the books. Extensive equipment list for all locations including the main plant, a fully operational additional plant (used currently as a drop store) and 2 delivery vans. Excellent leases in place with renewal options. Full training and transition included. A perfect family business and excellent target business for E-2 Investor Visa. The Seller will finance one-half of the asking price subject to review and approval of Buyer’s credit, financial statement, professional experience and business model post sale. 2020 financial results a direct result of Covid impact. Please refer to listing #0101278812 & ask for Randy Bring when inquiring.

Listing Details

• Price: $1,500,000
• Down Payment: $750,000
• Sellers Discretionary Earnings: $344,583
• Total Sales: $2,222,830
• Location: Withdrawn, Florida


• Inventory: $5,000
• FF&E: $400,000
• Employees: 26
• Year Established: 1963
• Reason for Selling: Transition to Retirement
• Category: Cleaning/Clothing