Profitable Dry Cleaning Business, OmniChannel Strategy, Built for GrowthListing: #SV00020
About this Business for sale in Greater San Francisco Bay AreaProfitable Dry Cleaning Business, OmniChannel Strategy, Built for Growth
This profitable dry cleaning plant has been successfully running for 30+ years located in prime area cities. This business has been built for growth with a central dry cleaning plant and three retail locations serving as the hub and spokes model. Retail locations, lockers and pick up & delivery services are the channels that drive demand for the central plant. The current plant utilization is currently at 60% so there is an opportunity for the new owner to increase cashflow by driving sales.
The business owns high tech lockers installed in luxury apartments and other high traffic locations allow customers to self-service (drop-off and pick up) through an app.
This business also has partnership with boutique hotels and apartments for pick up and delivery service. Drivers have dedicated routes for pick and delivery with 7 vans included for sale.
This business comes fully equipped with dry cleaning machines, boilers, air compressors, water heaters, sewing, hemming machines and 7 delivery and pick up vans with total tangible asset value of $950K.
This is an excellent opportunity for a buyer to own a well-established business. This business currently does not service dry cleaning for other dry cleaning companies to ensure quality service by maintaining direct relationship with it's customers.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.