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Listing Broker Information
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Chuck L. Cenkner, CBI
Senior Business Brokers Associate
Since May of 1985, Chuck has served Mark Charles Associates as the sole Principal, President and CEO of the firm with unparalleled integrity. On September 15, 2005, Central Penn Business Brokers, LLC, acquired MCA from Mr. Cenkner. Chuck remains committed to the business community in South Central Pennsylvania, in his new role as Senior Broker Associate. Chuck returns to his roots in the Business Brokerage industry by representing Sellers which he has done as an agency owner for over 20 years.
Chuck took early retirement from Ingersoll-Rand after 23 years to start on his entrepreneurial journey here in Central Pennsylvania. He left behind a very successful career in marketing, sales and corporate management to launch his own business endeavor in the world of mergers and acquisitions – but on the Main Street America level to be closer to the entrepreneurial small business owner and buyer. He established Mark Charles Associates, Inc. in 1985.
Chuck maintains memberships in the International Business Brokers Association (IBBA) and holds the designation of CBI (Certified Business Intermediary), the Institute of Business Appraisers (IBA) and the Pennsylvania Business Brokers Association (PBBA) and served as the PBBA’s Vice President.
Chuck served on the Board of Directors of the Capital Region Chamber of Commerce, the Board of Directors and Treasurer for the Capital Region Economic Development Corporation and is a member of PA State Chamber of Commerce. He is a past Chair of the Entrepreneurial Development Center of the Capital Region. In addition, Chuck is an active Rotarian and has served in many capacities since joining in 1981. He and his wife, Marilyn, reside in the Shipoke area of Harrisburg.
email:
clc@mcabizbrokers.com
phone: 717-657-7000 / 717-439-1212
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 Contact Information |
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BusinessesFor Sale
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Listing Information |
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| Coin Laundry & Dry Cleaners |
| Listing ID: 1193 |
Location: Dauphin County |
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Brief:
NEW PRICE AS OF 5-4-10: $585,000. The business has been doing business for over 15 years. It has a tremendous base of loyal retail customers in addition to consistently building a steady stream of new commercial clientele. |
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| Listed Price: |
$585,000 |
| Total Sales: |
$493,000.00 |
| Seller's Discretionary Earnings: |
N/A |
| Fixtures Furniture, & Equipment: |
(Included in Listing Price)
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| Real Estate: |
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| Inventory: |
(Included in Listing Price) |
| Financing / Terms: |
The Sellers are not offering to finance the purchase price. Commercial financing is available with a local bank lender under the SBA small business loan program. MCA will assist a buyer with loan proposal development to secure financing at no fee to the buyer. |
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Business Information |
| Year Established: |
1993 |
| Number of Employees: |
0 Full Time / 5 Part Time |
| Days and Hours of Operation: |
Monday to Sunday: 7:00am to 9:00pm |
| Relocatable: |
No |
| Franchise Information: |
This is not a franchise. |
| Facilities / Location: |
The business leases 2,920 square feet of commercial retail space in a busy Shopping Plaza. The sellers will provide a lease assignment at settlement. The current lease rate is $3,235 per month. The sellers are in the third year of a five year renewal term. A longer term lease may be negotiated between the purchaser and the landlord as part of the transaction. The facility has loading access at the rear of the building which enters into the production area of the space. There is one Commercial Water Heater, Tank and Timer with a mixing valve and thermostat, a water softening system, a Yarnell Security System, commercial washer and dryers for the commercial linen service along with a Chicago 105 inch ironer. All of this with all the other necessary items to conduct this business operation successfully. A complete asset list is available for review. |
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Lease Information |
| Lease Expiration Date: |
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| Option: |
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| Monthly Rent: |
$3,235.00 |
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| Additional Information |
| Reason for Selling: |
Owners have other interests at this time in life and would like to pursue a slower pace, with more time for leisure travels and family. |
| Business Description: |
The business has been doing business for over 15 years. It has a tremendous base of loyal customers in addition to consistently building a steady stream of new clientele.
This diversified business has shown significant growth over the past several years due to a number of factors. The growth of the commercial linen service where the client owns the linens rather than renting the linens from the provider gives this business a strong competitive edge in the delivery of extra ordinary service and a unique market niche. The coin laundry segment prospers due to the investment in truly top of the line equipment that is maintained in exceptional condition at all times. The dry cleaning service is a true add on service with all of the production outsourced through a local Dry Cleaner/Shirt Laundry. The facility has enhanced the business with the addition of the PA Lottery vending machines, an ATM machine and vending machines for the local Laundromat users. This segment provides 10-15% revenue each year.
The business has a truly upscale Coin Laundry operation, offering a large variety of stainless steel front loading washers. They include 18 LB Double Load, 25 LB Triple Load and 35 LB Front Load and 50 LB Front Load machines. These are supplemented with 35 LB Double Stacked Dryers. They offer wash & fold service, friendly and experienced staff on duty ready to help the customer. This segment provides approximately 20-25% of the revenues.
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| Potential for Growth: |
This is an excellent business opportunity to acquire a very profitable commercial dry cleaners in a niche market and a very upscale coin laundry in a prime location in a growing area in Dauphin County. This is an area where there is little if any competition, a rare find! |
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