Well Established Dry Cleaning Business For Sale

Description

Well established dry cleaning operation located in Suffolk County, New York. The business operates from a 2,800 square foot facility in a busy shopping plaza and has been serving the local community for many years. 14 years remaining on lease. Rent is 5,934 per month. The operation is currently run by a husband and wife team with two employees and generates strong and consistent cash flow. Why this multiple is attractive A 2.6x earnings multiple is considered highly competitive for an owner operator service business of this profile. Key factors supporting the valuation include Strong and consistent annual cash flow Long term 14 year lease already secured Established local customer base with repeat business Turnkey operation requiring minimal transition time A signed confidentiality agreement is required for the exact location.