Broker Name:Kevin Chung
Broker Email:info02@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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20 Years Established Neighborhood Dry Cleaners
(Cleaning/Laundry Related)
Dallas, Texas
Listed Price: $ 135,000
Listing ID: 000797

Listing DetailsDown Payment: $ 67,500
Gross Revenue: $ 180,000
Cash Flow: $ 53,768
FFE: $ 40,000 (Included in Price)
Inventory: $ 2,500
Reason for Sale:

Retirement


Training & Support:

The owner of the business will provide the necessary training needed to smoothly transition into the business operation.


Listing SummaryBusiness Description:

20 year established high quality full price dry cleaner in the densely populated suburbs is available for acquisition. This business was established by its current owner in 1999 and has been operating as of now and has good reputation in the area for the high quality and good customer relationship. There have been few other cleaners that opened in the immediate area in the past several years, but due to loyal customers and the high quality this business provides, it has not had too much effect on the overall sales and some of the other businesses have closed down since then. The average gross sales for the past several years has been consistent at $15,000-$17,000/month without any proactive marketing and word of mouth has been the best type of marketing for this business. Because the owners work full time without any employees, they are not able to put much effort and spend too much time on marketing their business to acquire new customers and generate new source of income from different types of avenues of marketing such as social media and direct marketing. The more proactive owners can send flyers and coupons directly to the homes and apartments in the surrounding area, offer pick up and drop off service, reach out to the national grocery store to have their coupon printed on the back of the receipt and also work with local schools and golf courses to offer discount to staff members. Majority of the customers are middle to high income individuals and families that have been coming to this business for more than a decade for the quality and superior customer service. Because of the prime location, length of time it has been serving the community, and the volume this business is generating, this could easily be converted into a drop off store for the owner who already owns a plant or more proactive owner can maximize profit by spending some time and effort into marketing.


Competition:

Few competitors are within the immediate market area of this business, but this business has been long established and has a solid customer base that will provide consistent sales.


Potential Growth:

Minimal marketing is done and proactive marketing methods are needed to fully utilize to achieve maximum income potential. Flyers and coupons should be sent periodically to homes and apartments to be fully exposed and offer additional services such as pick up and drop off services. Owner can also reach out to local golf clubs and schools to offer discounted prices to staff.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers.


LocationSquare Footage: 1300
Facilities:

This business is located in a 1,300 SF retail strip that is next to a road with heavy traffic surrounded by heavily populated neighborhood. All equipment is in excellent condition and in working order as they have been well maintained and few of the machines have been replaced in the past several years.


OperationYear Established: 1999
Employees: 2FT
Absentee Owner: No