Broker Name:Stephen Lee
Broker Email:info01@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 & 3 Pick-Up Stations placed in High Demand Areas
(Cleaning/Laundry Related)
Collin, Texas
Listed Price: $ 475,000
Listing ID: 000856

Listing DetailsDown Payment: $ 237,500
Gross Revenue: $ 811,406
Cash Flow: $ 210,000
FFE: $ 250,000 (Included in Price)
Inventory: $ 4,000 (Included in Price)
Reason for Sale:

Other opportunities/Burnt out


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:

Over 20-year established dry cleaning plant with three pick-up stations around Dallas and North Dallas area are now available for acquisition. The plant was first established (almost two decades ago) in 1995 by the previous owner and was later acquired in 2018 by the current owner of the business. The other three pick up stations was acquired by the current owner in 2018 the same date as the plant. Competition is expected for this industry for each location, but this fully-equipped dry cleaning plant and prime location pick-up stations have been well positioned in immediate market area of each location and have been successfully operated with consistent revenue generated throughout many years of providing quick & convenient cleaning services with inexpensive price points. Overall demographics of the plant and pickup stations are mostly middle to upper-class Caucasian and a well mix of other ethnic groups from nearby neighborhoods, local businesses and offices filled with corporate workers. This dry cleaning plant and pick-up stations offers full service dry cleaning and laundry services as well as wash & fold, pressing service, alteration as well as leather cleaning service in which all of the work is done on the premises at the plant. Gross sales of all locations combined have been $800,000/year during the past several years with sales steadily growing each year through quality control and management. Proactive marketing is crucial for the continued growth of this business as there is no marketing done by the current owners. Although there are many ways to proactively market these dry cleaners, online-based marketing such as social media outlets, email marketing, web-based advertisements, and online app services offered to customers will bring new set of customers and contribute to continued success the business. Tapping into wholesale dry cleaning market as well as home pick-up and delivery services can be also additional opportunities available for new owner. Full-time owner involvement will be crucial to the growth for this business as managing the flow of the business will allow quality service and retention of customers that will ultimately cut down unnecessary payroll expenses. Upgrading the current POS system will also help the business's operation flow much better, allowing this business to enhance customer's service and handling many orders at once. These prime locations dry cleaning plant & three pick-up stations is now ready for a potential buyer to be proactively marketing this business while being fully involved in the day-to-day operations.


Competition:

Few competitors were found in the immediate market area, but the market share has already been established and each location has competitive price.


Potential Growth:

Pro-active marketing is needed to grow the sales to full potential since there's no marketing currently done except thru word of mouth.


Financing/Terms:

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


LocationSquare Footage: 0
Facilities:

Each location of four locations is located in prime spots within retail strip centers where visibility as well as functionality keeps the business ahead of the competition. The plant and one of three pick-up stations features convenient drive thru. All equipment is well-maintained and there is some brand new equipment in all location.


OperationYear Established: 1995
Employees: 9FT/4PT
Absentee Owner: No