Services - Drycleaning/Laundry

Asking Price	$470,000	Inventory	$9,000**
Gross Income	$577,908	Real Estate
Cash Flow	$173,960	Year Established	2006
FF&E	$113,162*	Employees	5

* included in the asking price

** not included in the asking price

High volume, one price dry cleaning plant in exclusive Fountain Hills with an additional drop site location in Scottsdale. The machines are the latest updated equipment on the market, with a large established customer base. Seller carryback negotiable to the right buyer. Assumable equipment lease make owning this profitable business easy. Training is included in the sale for two weeks. Seller has several other locations and is experienced at setting up profitable plants and drop stores. Excellent CPA-prepared books and records. Lease info includes both locations. Expected 2008 Net of almost $175,000 reflects price change from $1.95 to $2.25 per garmet effective March 1, 2008.

Facilities: The main store is located in a very busy shopping center in the Northeast valley. The center is new and is anchored by a well-known pizza chain and is surrounded by a high-income population and above-average priced homes. The drop store is also in a new center next door to one of the Scottsdale's largest veteranarian clinics and a very popular upscale wine store and sports-bar/restaurants. All equipment in the facilities is new with expected lifespans up to 15 years.

Competition: This one-price dry cleaners charges $1.95 for each piece, as opposed to the traditional $4-$5 per item. The founders of this business have been very successful in choosing the right locations and setting up the business to be profitable in the shortest amount of time. In only 20 short months, the business has already netted well over $100K. The Scottsdale drop store is in a very busy center just off the 202 Loop and Frank Lloyd Wright Blvd.

Growth/Expansion: The main plant in Fountain Hills has plenty of room for growth. The new equipment is not running at capacity yet and the business can easily double without adding additional equipment or fixed overhead

Financing: Seller will carryback $100K; Assumable equipment lease $150K

Support/Training: Seller training for 2 weeks. Ongoing support as needed.

Reason Selling: Other business interests.