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Business for sale in Canada - Dry cleaning service business for sale
| Asking Price: | 245,000 $ CDN |  |
Real Estate: | Lease |
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| Sales Revenue: | 290,000 $ CDN | ||||||||||
| Net Profit: | 90,000 $ CDN | ||||||||||
| Year Established: | 1995 | ||||||||||
| Employees: | 2FT, 3PT | ||||||||||
| # of family members employed: | Not Disclosed | ||||||||||
| Location criteria: |
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Business types:
Services
Business categories:
Cleaning Services
Business description
This profitable business has a long history with a strong reputation in the area. Specializing in on-premises dry-cleaning, wet cleaning, laundry and blind cleaning, the company provides services for customers in the okanagan including local pickup and delivery. Delivering the highest quality of service with an on time motto this business has excellent word of mouth referrals from happy customers. With trained staff willing to stay a new owner could grow the business by implementing a delivery route system and expanding the current pickup and delivery area to nearby communities. The price of the business net of transferred working capital but inclusive of all inventory, fixed assets and goodwill is $222,00 with an implied multiple of weighted cash flow of 2.7 times. The seller is selling the operational balance sheet of the business which includes the normal required working capital of $23,000, which is included in the asking price of $245,000.
Additional information
| Additional information: | Not Disclosed |
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| Support & training: | Not Disclosed |
| Reasons for selling: | Retirement |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | $98,240 |
Real Estate
| Ownership: | no |
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| Lease: | yes |
| Lease terms: | Not Disclosed |
| Location: | Not Disclosed |
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