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 attractiveA 2.6x earnings multiple is considered highly competitive for an owner operator service business of this profile. Key factors supporting the valuation includeStrong and consistent annual cash flowLong term 14 year lease already securedEstablished local customer base with repeat businessTurnkey operation requiring minimal transition timeA signed confidentiality agreement is required for the exact location.