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Oakland County

  • Listing No.: 217-20048

  • Category: Retail

Asking Price $299,000
Down Payment
Gross Revenue $275,225
Total Adjusted Net Income $152,971
Equipment / Fixtures $98,967
Year Established 1991
General Location Oakland County
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This is a great opportunity to take over an established dry cleaning business with a good reputation that has been serving the community for almost 30 years. Seller has enjoyed being a hands-on operator but is ready to retire. There are five employees, which presents an opportunity for a new owner to run the business hands-on or semi-absentee. Seller has established a wide range of services, some of which are outsourced with high margins. An established delivery and pickup route contributes over 20% of sales revenue and has growth potential in this new age of social distancing. A small delivery van and software are used for this service.

Gross Revenue $275,225 Listed Price $299,000
Total Income $152,971 Down Payment
Base Rent $2,125 Square Feet 1700
Total Rent $2,900 Lease Expiration 12/2022
Rent Deposit $3,258 Lease Options
Inventory Not Included Leasehold Improvements $13,195
Equipment / Fixtures $98,967 Other Assets See balance sheet and asset list
Full-Time Employees Training Period 2 weeks
Part-Time Employees 5 Special License Required Dry cleaning license, air purification license, corporation fee
Contract Staff Reason for Selling Spouse is retiring, Owner is retiring, moving to vacation home, sons have college degrees pursuing other fields

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.