Tupelo Data Room
Commercial Laundry, Dry Cleaners
Active

Profitable Iconic Dry Cleaner/Laundry -Established 35 years

Charleston County, South Carolina, United States
Asking Price$995k
Revenue$1.50m
EBITDA-
Cash Flow$250k
Description
35 + year Track Record- Located in one of the SC Coasts fastest growing and high income areas.....Full service plant that has reinvested over 1 million dollars in equipment in the last 3 years...This business is known for its high quality work ...It has earned several Best in Town awards for Dry Cleaning. The business has remained profitable during the pandemic . Business has come back very strong with the onset on the vaccination in SC.... Historic numbers have been 1.5 million and above. Cash flow is $250K + and will be higher in 2021. The facility is modern with a drive thru ....Seller will offer a long tern lease .The location is on a major artery and has good access and parking. Seller will train as needed...This is a very good service business that can easily be a good fit for a husband and wife team....There is room to grow with expanded laundry service, alterations and home/business delivery....Call Tom Conroy 843-452-4995 cell.. l
Furniture Fixtures & Equipment
$600k
Inventory
$12kIncluded in Asking Price
Year Established
1986
Reason Selling
Retirement
Market & Competition
Much of the weaker competitors have closed up....Strong location and track record of new growth to the area...One of the fastest growing markets in the Southeast.
Asking Price$995k