Dry Cleaning/Laundry Business

Undisclosed Address, Lubbock, TX 79424
Business Opportunity for Sale
Catylist Listing ID: 30525716
Property Subtypes: Business Services
Building Size (RSF): See Agent
Sale Price: $1,000,000 - 1,650,000
Name of Establishment: Call Listing Agent
Year Business Established: 1959
Gross Revenue: $1,261,541 (Annual)
Cash Flow: $70,763 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Sale includes all FFE and one building located at 3420 82nd Street. Cash to Seller
Last Updated: 5/12/2020

Overview / Comments

This Dry Cleaning and Laundry business has been in operation since 1979 and currently has a central plant with 2 separate pickup and delivery locations plus home pickup and delivery. Average sales over the past 5 years exceeds $1,000,000.00

Additional Details

Industry Segment: Commercial Laundry
Reason for Selling: Owner wants to relocate
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $590,393
Real Estate Status: Real Property
Value of Real Estate Included ($): $650,000
Real Estate Lease Description: Includes 5,520 Sq, Ft. building on two lots(10,500 SF) at 3420 82nd Street. One quarter of building used as pickup station. Remaining three forth's is unfinished.
Employee/Labor Description: Average 12 employees
Competition/Market Description: Seven competitive dry cleaning facilities in Lubbock
Growth/Expansion Opportunities: with good advertising sales can be easily increased 20 to 30 per cent
Seller Financing Description: not available

Contact

Photograph of Listing Agent

Charles Camp

Exit Realty of Lubbock
West Texas CIE Member
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