Award Winning Dry Cleaning Business In Northern Kentucky For Sale

Business description

This business was founded by the first generation owners in 1962; and was transferred to the second generation (current) owners in the early-mid 1990's. In 1996, the firm purchased land and constructed an 8,000 s.f. production facility and storefront (with drive-through service); additional retail stores (with drive-through service) were opened with two locations in 2002 and the fourth location in 2004. All stores are located in high-growth, upscale areas with a loyal customer base of over 5,000 predominantly affluent clients. The business also has two delivery routes, and has several commercial accounts including the Cincinnati/Northern Kentucky International Airport, hotels, churches, schools, municipal departments and other businesses. The company's brand has been voted consistently Northern Kentucky's Best since 1994.

Real estate AVAILABLE BUT NOT included in the price. Estimated value $550,000

Property information

Real Estate:

Real Property Included

Location:

Four locations: Main store (with drive-through) and plant (owned real estate) 8,000 s.f. plant and 1,200 s.f. store; 3 satellite locations with drive through-access all in retail strip centers. Each location approx. 900-1,200 s.f.

Premises details:

Four locations: Main store (with drive-through) and plant (owned real estate) 8,000 s.f. plant and 1,200 s.f. store; 3 satellite locations with drive through-access all in retail strip centers. Each location approx. 900-1,200 s.f.

Size in square feet:

Four locations:

Other information

Expansion potential:

Website, advertisement, promotions, expand pickup and delivery routes

Competition / Market:

Competitors are mainly discount cleaners which have not impacted their business. They provide a high level of quality and personal ser vice to their clients.

Support & training:

Seller will train new buyers. Training time and conditions to be negotiated

Reasons for selling:

Retirement

Trading hours:

M-F 7am-6:30 pm, Sat 9-4

Financing available:

State of the art tangible assets (FF&E and prime real estate) plus the intangible value of the business, should create favorable financing terms for most lenders with a "strong buyer." Seller may consider some financing with terms to be negotiated

Furniture / Fixtures value:

$305,000 (included in the asking price)