Business Summary:
Boasting a 4-year growth trend in revenue and cash flow with a strong 49% profit margin. Established in 1993 and is located in Pittsburgh, PA, this company provides laundering and dry-cleaning services, with a significant portion of its business focused on fire restoration services. They can clean most textiles including clothing, bedding, drapery and rugs. Additionally, they offer route delivery services to their clients within a 20-mile radius. This business serves a diverse client base, including corporate accounts such as Avis, Budget, and ServePro as well as referrals from insurance companies. The breakdown of services shows that 70% of their revenue comes from fire restoration, 20% from delivery services, with less than 10% from walk-ins. The business operates out of a spacious 6,780 sq ft facility that includes an office space. The dedicated team of 10 staff members includes a General Manager, dry cleaning technicians, Route Drivers, and Facility Assistants. The owners’ responsibilities are all clerical and can be done remotely from anywhere while the GM handles all supervising of the staff. The owner is looking to sell as she approaches retirement age. Priced at $1,650,000, a 10% down payment of $165,000 will return $182,279 in the first year after debt payments! There are several avenues for growth, include additional delivery routes extended to commercial clients such as healthcare facilities and restaurants.
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