Dry Cleaning Plant. ($150,000 below appraised value)

Fremont, CA (Alameda County)

Organic Cleaning on all garments
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Asking Price: $250,000

Cash Flow: $80,000

Gross Revenue: $324,000

EBITDA: $324,000

FF&E: $250,000

Inventory: $10,000

Rent: $4,500 per Month

Established: 1979

Dry Cleaning Plant. ($150,000 below appraised value)

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Business Description

already established business, High-end clientele for over 40 years.

The only dry cleaners that is voted the best for 22 times, and also Voted The Best in Silicon Valley Times (twice). Price includes all awards received.
100% organic cleaning with state-of-the-Art equipment. Most equipments are under 3 years new.This is truly a turn-key ready for buyer. The price includes newer Fulton Boiler (9.5 HP), Shirt Presser (complete system, all-in-one), Pants tensioner, (2) Utility presses ( can press everything ). Jacket tensioner (can stretch garments, makes easier to press). Large capacity Miele washer (uses water- NOT Solvents & high quality detergent to clean even leather on-site).(2) Large dryers. New Vacuum & New Compressor. Water softener system that makes silk clothes feel like butter.
(2) POS computers that keep track of customers & sends text message to customers that the order is ready. (3)Sewing machines that can handle all types of alterations. (1) 1000 unit conveyer to rack tall garments. (1) smaller conveyer to rack short garments. (2) Credit card terminals.This is a Complete dry cleaning plant.If you had to buy all the equipments together, would cost over $250K.

This is a perfect business for a family that can keep all the profit to themselves, maybe 1 or 2 part-time employees. The owner is retiring after 42 years of serving museums and high-end retailers like Nordstrom. Most Loyal customers travel 20 miles to bring their clothes for cleaning, since they know everything comes out perfect.
This cleaners has over 70 (5 ***** stars) on Yelp.

There are 3 hospitals within 4 miles radius and 100's of brand new apartments with in walking distance. You can add delivery to double the income.
The buyer must have a good credit score of 750 or more. And buyer needs to have at least 6 months reserve rent money available in bank. Buyer must also be of quality conscious in order to excel.
Seller will give 2 weeks of training. Landlord is willing to give an 7 years lease with option of 5 additional years. Rent is about $4,500 / month including NNN. Buyer should ask SBA for possible loan.
The appraised value was $400,000.00 based on the revenue and newer equipments. It's now for sale now only $250,000.

Detailed Information

Location:
Fremont, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,320
Lease Expiration:
1/1/2028
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is a complete dry cleaning plant that uses 100% water to clean even the most expensive garments (using a very special detergents). It also includes complete shirt unit pressing machine. Very heavy walking traffic. Surrounded by brand new apartments. All the equipments are included as a turn-key: Newer Fulton Boiler,2 presses,2 tensioners, spotting board + all spotting agents needed, Miele Washer, newer vacuum & compressor.
Competition:
Quality is most important asset of any business. Customers rather pay $1 more for a better service & quality. Since there are no harsh solvents used, garments don't have a chemically smell. Most cleaners in town are still using old dry cleaning solvents that stinks the garments. The biggest advantage of this system is using 100% water. When customers drive 20 miles to get quality, you can set your own price.
Growth & Expansion:
There are over 100 high-end apartments within walking distance, and more new apartments under construction as of this publishing. The new owner can do delivery for a fee and double the volume. Apartments are perfect customers, the tenants have a lot more discretionary income, and they don't mind spending it on looking good in their clothes.
Financing:
All cash
Support & Training:
seller will provide 2 weeks of training & support
Reason for Selling:
Retiring
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Business Listed By:
Amir Abri

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