Executive Summary

Business Description

This long established dry cleaners is located in a busy shopping center on a major boulevard in Chino. Limited competition in the neighborhood. The business has an environmentally friendly wet cleaning machine with the capacity to do cleaning for several agency locations.

The owner does no marketing and only has one commercial account. Thus, the business has a huge upside potential by doing advertising, creating a website and obtaining more commercial accounts. This is an ideal business for an existing dry cleaner owner or for a buyer who is looking to enter the industry. Owner is motivated and willing to carry at 50% note.

GENERAL INFORMATION

Year Established: 1965

Employees: 1 full-time and 1 part-time employee at monthly cost of $3,000

Facility: 2,500 square feet at a monthly cost of $2,450. Lease expires in December, 2016, with two 5-year options.

Equipment: Complete wet cleaning set and a single buck laundry set, 15 hp Parker boiler, newer 5 HP Curtis air compressor and 6 pressing machines. 900 count conveyor.

Hours of Operation: Mon - Fri 6 am – 7 pm and Sat. 8 am - 6 pm.

Price Includes: Furniture, fixtures, equipment. Inventory of $5,000 not included. Owner is willing to carry a 50% note.

Support/Training: Seller will provide training

Reason Selling: Other business demands

Asking Price: $109,000

Gross Revenues: $133, 487

Seller's Discretionary Earnings: $62,275