Industrial Laundry Leasing And Dry Cleaners In Montana For Sale

Business description

Long established in Eastern Montana, the Company is not only a traditional dry cleaning business, but receives its income from several revenue streams: The Company leases, cleans and maintains Flame Resistant Clothing to industrial businesses, oil field companies and oil service companies and other businesses needing flame resistant clothing. The Company has many leasing contracts (usually two-three years in length) to provide, clean and maintain clothing. The Company’s vehicles run regular routes to distribute clothing and to pick up clothing needing to be cleaned. The Company also performs minor repairs to clothing when necessary.

The Company also sells flame resistant clothing to customers wishing to purchase the clothing instead of leasing it.

The Company is the only Dry Cleaning business in the town, and performs traditional Dry Cleaners services

Additionally, the Company has a regular route to pick up, clean and deliver bar towels, entry rugs, shop towels, etc. to all sorts of businesses, including restaurants, bars, retail shops and industrial businesses.

Included in the Sale Are the Following:

1.Building, land and improvements
2.Business vehicles, furniture, fixtures & equipment
3.Business trade name
4.Customer and Vendor Contracts and Leases, including leases/contracts for Flame Resistant Clothing
5.Business good will & covenant not to compete
6.Copies of all customer and vendor lists & records
7.Office supplies
8.Current telephone listing and number



Inventory in the approximate amount of $400,000 to be purchased by seller at value.

Property information

Real Estate:

Real Property Included

Premises details:

The business operates in a 6,000 square foot building on a corner lot one block from a main arterial street in Eastern Montana with the real estate consisting of the following: 1.Large commercial area for cleaning/repairing clothes 2.Building sits on a 7,000 square foot corner lot, with an adjacent 7,000 square foot lot paved for parking and access. 3.Customer reception area 4.Small office

Business Operation

Expansion potential:

Owner states there are several ways to grow the business, and will discuss these opportunities with new buyer.

Competition / Market:

Little local competition, some national competitors, business is attracting all the business owner desires as of right now.

Reasons for selling:

Owner would like to slow down.

Trading hours:

8:00-5:00 Monday Through Friday

Employees:

Eight Full Time and Eight Part Time

Other information

Support & training:

Owner will stay and help train new owner in all facets of the business if desired.

Financing available:

Owner Prefers Cash, there is lender financing available.

Furniture / Fixtures value:

$275,000 (included in the asking price)

Inventory / Stock value:

$400,000