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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17 Yr Established Dry Cleaning Pick Up Station
(Cleaning/Laundry Related)
Collin, Texas
Listed Price: $ 109,000
Listing ID: 000606

Listing DetailsDown Payment: $ 60,000
Gross Revenue: $ 239,566
Cash Flow: $ 24,670
FFE: $ 10,000 (Included in Price)
Inventory: $ 2,000 (Included in Price)
Reason for Sale:

Other Opportunities


Training & Support:

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


Listing SummaryBusiness Description:

Prime location full-service dry cleaning pick-up station placed in the epicenter of North Dallas is available for acquisition. This business was first established over a decade ago in the early 2000s at 2001 and was later acquired by the current owner of the business in 2003. Most of the customers are upper-class Caucasian individuals that reside in the densely populated residential neighborhoods that surround this area as well as numerous professionals from the office buildings. Net sales average $20,000-21,000/month that has been consistent through the decade of operation through many referrals and word of mouth. There hasn't been any marketing since inception of the business, but other proactive marketing tactics needs to be utilized if this business is to grow in sales and reach potential customers in the untapped areas of this city. Competition can be expected for any dry cleaning business, but the competitor that is within the area lacks in quality customer service as well as not establishing itself within the community to build a solid customer base. There are many ways to proactively market this business such as direct mailing, bundle deals, social media outlets, limo service, wholesale contracts with commercial businesses and creation of a business website. Additionally, the consistency of this business operating in the area for over a decade has solidified their customer base as well as their sales and proactive marketing will improve on the current foundation placed for this business. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.


Competition:

One competitor is within the immediate market area, but the competitor lacks in quality customer service and doesn't affect the sales of this business due to extremely high population in the area.


Potential Growth:

There is no proactive marketing done currently, but proactive marketing needs to be utilized to generate more cash flow and acquire new customers.


Financing/Terms:

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


LocationSquare Footage: 1265
Facilities:

This business is located in a 1,265 SF retail strip center placed in the epicenter of North Dallas surrounded by numerous retail businesses and high end housing subdivisions.


OperationYear Established: 2001
Employees: 2PT
Absentee Owner: No