Business Summary:
his 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 is NOT included in the price but is available. Value $750,000.
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| Year
Business was Established: 1962 |
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| Number of Employees:
19 FT/19 PT |
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| Facilities / Terms of Lease:
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.
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| Potential
Growth/Expansion:
Promotions, advertising, website |
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| Competition:
The competition is mainly discount cleaners which do not offer the service, professionalism and attention to details that this business has established its reputation on. |
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| Owner
willing to finance:
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 |
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| Owner
willing to train:
Seller will train new buyers. Training time and conditions to be negotiated |
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| Reason for selling:
Retirement |
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Seller Reference Number: 73234
BusinessMart.com Listing Number: 102197 |
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