Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Dry Cleaning Plant or Pick Up Station
(Cleaning/Laundry Related)
Grayson, Texas
Listed Price: $ 85,000
Listing ID: 000821

Listing DetailsDown Payment: $ 85,000
Gross Revenue: $ 250,000
Cash Flow: $ 60,000
FFE: $ 85,000 (Included in Price)
Inventory: $ 2,000 (Included in Price)
Reason for Sale:

Looking for other opportunities after over 35 years of involving in day to day operation of this dry cleaning industry.


Training & Support:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

Prime location Dry Cleaner plant operated over 100 years in historic downtown of this city is available for acquisition including real estate. This business was established over 100 years ago in 1910 by the previous owner and acquired by the current owner over 35 years ago in 1980. This 8,000 SF space of freestanding building fully-equipped dry cleaner is located in the heart of city's old downtown that is next to a heavy traffic intersection and residential neighborhoods and provides a full service dry cleaning and laundry services and also provides pick up & delivery services as well as wedding gowns preservation, leather cleaning, and fire restoration cleaning services. Most of customers are coming from the nearby businesses or offices and the surrounding residential areas. The demographic of customers are predominantly low to middle-class Caucasian workers who work nearby the business and well mix of Blue and White-collar workers. Competition is expected for this industry but there are only 3-4 direct competitions in the entire city and none in the immediate market area. The consistency of this business operating in the area for over 35 years has solidified their customer base as well as their sales, and proactive marketing will make huge improvement on the current foundation placed for this business. Current year gross sales are running at $25K a month without any marketing except for thru word of mouth. It will be more profitable if you can convert this into pick-up station in the result of reducing all the labor cost in the production line. There are many ways to proactively market this business such as direct mailing, bundle deals, social media outlets, limo service, wholesale contracts with other pick-up stations and creation of a business website. Renovation and remodeling of the business are needed as the exterior and interior need more modernized look to attract new set of customers. This dry cleaner plant with real estate is priced to sell for an astonishingly low price at 135K and can be converted into pick-up station by dry cleaning plant owner which will in result generate more profit by cutting out all production cost.


Competition:

There are no competitors within the immediate market area and there are only 3-4 dry cleaners in the city.


Potential Growth:

There is currently no marketing being done by current owner, and proactive marketing methods need to be utilized in order to keep the business to continue to grow in sales and new customer acquisition. This business is ideal for plant owner who can convert this into a pick-up station.


Financing/Terms:

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


LocationSquare Footage: 5474
Facilities:

This 5,474 SF space of freestanding building fully-equipped dry cleaner is located in the heart of city's old downtown that is next to a heavy traffic intersection and residential neighborhoods.


OperationYear Established: 1910
Employees: 2PT
Absentee Owner: No