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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Established Eco-Friendly Dry Cleaners With Multiple Wholesale Accounts
(Cleaning/Laundry Related)
Dallas, Texas
Listed Price: $ 300,000
Listing ID: 000905

Listing DetailsDown Payment: $ 90,000
Gross Revenue: $ 360,000
Cash Flow: $ 120,000
FFE: $ 150,000 (Included in Price)
Inventory: $ 6,000
Reason for Sale:

Other opportunities.


Training & Support:

The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

Newly equipped eco-friendly dry cleaners that has been in business for more than 30 years is available for acquisition. This business was originally established as a pick-up station but later turned into a full-service dry cleaner to handle and accommodate growing demand and customers. This business is surrounded by single-family homes, major corporations, and conveniently across a nation-wide supermarket on one of the busiest roads in the area. The customers are a diverse mix of demographics of different income levels and the majority of them are long-time return customers from the homes nearby and from hospitals and office buildings. Although this business has established a customer base without any proactive marketing other than word of mouth, more online, social media, offering pick-up and drop off service, acquiring more corporate accounts, and direct marketing, such as flyers and coupons, are much needed to fully reach its financial potential and acquire new customers in the untapped area of its location. The sales have been consistent last several years at $30,000/month including $10,000/month wholesale without any owner involvement and marketing done whatsoever. There is a full-time manager in place, but full-time owner involvement will be crucial in order to further grow the revenue and cash flow by reducing labor cost and taking quality and customer service to the next level. This business is located in an excellent location with heavy traffic, solid customer base, and is fully-equipped with eco-friendly equipment, and is a great opportunity for an ambitious buyer who is willing and capable of being fully involved in the operation as well as marketing the business more proactively to further grow the business.


Competition:

There are few in the immediate area, but this business offers superior quality and service and has been in business for more than 30 years while other locations have switched ownership multiple times.


Potential Growth:

Currently, there is no marketing being done other than coupons on the back of the receipt of a nationwide supermarket. Although there is a full-time knowledgeable manage in place, full-time involvement by the owner will be crucial to reduce overall labor costs and maintain and acquire new customers and corporate accounts from nearby hospitals and office buildings. For a buyer who is capable of doing alteration can increase overall revenue by reducing outside service costs and alterations are being outsourced.


Financing/Terms:

100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 2564
Facilities:

This business is located in a 2,564 SF retail strip surrounded by many homes and next to a global company on one of the busiest roads in the area and is easily visible. The majority of the major equipment has been replaced in the past few years and is in excellent condition and in working order.


OperationYear Established: 1987
Employees: 6FT
Absentee Owner: Yes