Resilient 60-Year Dry Cleaning Business, SE Florida

Featured on BusinessForSale.com . 9 viewed

Asking Price

$1,500,000

FOR SALE - ACTIVE

Detailed Information

Location

Broward County, Florida, US

Reason for selling

Not Provided

Real Estate

NA

QUICK STATS

BUYER ANALYSIS

Down Payment

% down

Payback Period

months

Annual Debt Service

% interest, year term

Cash Flow After Debt Service

Debt Service Coverage

x

COMPANY FINANCIALS

Cash flow

(% CF Margin)

Revenue

Furniture, Fixture &
Equipment

Inventory

Show more info

Business Description

This well-established dry cleaning business in Southeast Florida has been a leader in the industry for over 60 years, serving a loyal multi-generational customer base. With 5 strategically located high-traffic stores, including a full plant and 4 drop stores, the business boasts a solid management team generating a notable net income. The business offers potential for increased profitability by replacing management or maintaining semi-absentee ownership. The business operates with transparency and clean financial records, without relying on undocumented cash income. All employees are legal and properly documented, and the business is equipped with modern machinery and vehicles for efficient operations. With favorable lease agreements in place and the option for an E-2 Investor Visa, this business presents an attractive investment opportunity. The Seller is open to financing part of the purchase price pending review of the Buyer's qualifications and post-sale business plan, with training and seamless transition provided. In light of the Covid-19 impact on the business in 2020, this dry cleaning enterprise remains resilient

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