Posted by ray@lcorn on August 13, 2003 at 08:23:24:
Darius,
You’re in luck… right here in our archives there is a ton of info on the dry cleaning business. A search on the term “dry cleaning” will produce about four pages of hits.
If I recall, he got out of the biz a year or so ago. You might want to drop him an email and get his take on your deal. Tell him I sent you, and that he should check in with us every once and a while!
I am trying to purchase a Dry cleaning business. This includes a plant(pick-up),a 2nd pick-up, and a laundry mat with a pick-up. All machines are 3 years old. I have the tax records for the last 4 years on all three. The Plant and the 2nd pick-up gross about $220k a year. The laundry mat/pick-up about $100k per year. They are trying to sell all three for $275K. Is this a good deal and where can I find financing. Buildings not included in purchase(business only).