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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3 in One - Dry Cleaning Plant/Car Wash/Frozen Yogurt with Real Estate
(Cleaning/Laundry Related)
Denton, Texas
Listed Price: $ 4,750,000
Listing ID: 000919

Listing DetailsDown Payment: $ 712,500
Gross Revenue: $ 1,291,860
Cash Flow: $ 569,648
FFE: $ 450,000 (Included in Price)
Real Estate: $ 3,000,000 (Included in Price)
Inventory: $ 10,000 (Included in Price)
Reason for Sale:

Relocation


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:

Package deal with over 19-year established dry cleaner, high tech car wash and well-established frozen yogurt shop in prime location is now in the market for acquisition.

Immaculately maintained dry cleaning plant in prime location is now available for acquisition. This business was established in late 2000 by the previous owner and was acquired in 2016 by the current owner. Few competitors are within the immediate market area, but a top-of-the-line equipment along with standard pricing of the business works greatly with the locals of the area, and an outstanding customer service and the quality of the final product is what it has keep this store providing services for many years while the competitors come and go. This business provides a full service dry cleaning and laundry services, wedding gowns preservation, leather cleaning, alteration and contract service. 24-hour drop box with drive-thru makes it more convenient for customers with busy schedules to get their service done on time and assists with sales during off-hours of operation. The customer base has been built throughout the 19 years of operation with regulars of middle-high class individuals and families from nearby densely populated residential neighborhoods. Gross sales of this dry cleaner have been consistent for the last several years running at around $700K-780K per year due to its prime location and strong customer base. Although some marketing is in place through its website, email and loyalty program, various marketing tactics need to be utilized, such as more online and social media outlet presence, direct marketing, coupons, weekly deals, pick-up & delivery service, acquiring more corporate accounts to achieve maximum income capacity as well as growing the customer base beyond the immediate market area. Currently operated as a semi owner absentee, but fully staffed and managed by manager and employees while owner oversees the operation with minimal involvement. Optimal location for dry cleaning center with absolutely amazing equipment that is maintained highly is now available on the market.

Spectacular coin operated car wash with two automatic touchless tunnels and top-of-the-line equipment is now available for acquisition. This business was established in 2001, renovated by previous owner in 2012 and was acquired in 2016 by the current owner of the business. Few competitors are within the local area, but the competitors struggle to compete with 24/7 availability, the Brushless technology system at this operation and location accessibility. Coin operated washes features 4 self-serve bays and 2 automatic touchless bays equipped with laser line system which uses jet water to clean instead of the cleaning car mop which can damage your vehicle. After the car wash is complete there are 4 separate areas around the operation which provides vacuuming with fragrances. Gross sales of this car wash have been consistent for the last several years running at around $150K per year due to its prime location and superior quality service by hi-tech system that the business has. Currently, there is a minimal amount of marking being done, and there are many ways to proactively market this business such as direct mailing, flyers, social media outlets, coupons, and daily specials etc. Its prime location and hi-tech system, coupled with pro-active marketing and new owner's active involvement in day to day operation will definitely boost overall sales immensely for the operation.

Well established self-serve frozen yogurt store is available for acquisition. This business was established in 2010 and was acquired by the current owner in 2016. Top-of-the-line equipment immaculately maintained through years of operation including a strong customer base from the middle-high class individuals from the local area and nearby the apartment. Currently operated as a semi owner absentee, but fully staffed and managed by manager and employees while owner oversees the operation with minimal involvement. The owner markets the business through Valpak and fundraising for the local community. Few competitors are within the immediate market area from this operation, but the equipment and quality of frozen yogurt are by far superior to the competitors. Gross sales of this frozen yogurt shop have been consistent for the last several years running at around $350K-380K per year due to its prime location and some marketing regularly done by the current owner. Although some marketing is in place through its website and local ads, more of store-level proactive marketing method needs to be utilized to achieve maximum income capacity as well as growing the customer base beyond the immediate market area. Starting a 3rd party delivery service such as Grubhub or Door dash to local area will boost the sales by reaching out to customers within untapped areas of the business. Marketing efforts on catering service to schools, companies, public agencies, etc. can also greatly improve the sales as catering business has remained totally untapped by the current owner due to his minimal involvement.


Competition:

Competition can be expected for this dry cleaner, but competitor hard to compete with the 19 years of operation, standard pricing, top-of-the-line machines, and text message service to alert customers upon the completion of their order.

The competitors of the coined car wash struggle to compete with 24/7 availability, the Brushless technology system at this operation and location accessibility.

As for the few competitors near the location of the high-end yogurt store, the competitors has opened and closed down their operation many times resulting in customers coming to this business.


Potential Growth:

Pick-up & Delivery service and acquiring more corporate accounts are strongly recommended for this dry cleaning center to achieve maximum income capacity as well as growing the customer base beyond the immediate market area.

Minimal marketing at the car wash currently, but with proactive marketing of the car wash's line laser system will boost sales greatly.

Some marketing is in place through corporate of this yogurt shop, but other proactive marketing tailored to school, companies and public agencies for catering businesses will help generate more revenues.


Financing/Terms:

15% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 9166
Facilities:

This dry cleaning center occupies a 4,766 SF space of free standing building featuring drive thru that is conveniently located just off of the highway and is nearby an intersection with consistently heavy traffic as well as huge number of single-family residential homes, apartments and other small businesses.

Coin operated car wash with 4 bays and 2 automatic car washes are occupies a 2,840 SF space of free standing building next to a high traffic intersection. All equipment is well kept and 4 vacuums with fragrances are available around the car wash. The automatic car wash has a top-of-the-line laser system that washes each car with high pressure water according to its shape and size to avoid damages to the automobile.

Well-equipped self-serve yogurt store with 8 Taylor frozen yogurt machines is located in 1,560 SF of free standing building next to a busy intersection that is connected to a major highway. All equipment is in impeccable condition.


OperationYear Established: 2000
Employees: 11FT/7PT
Absentee Owner: No