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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Eco Dry Cleaning Plant with 2 Pick Up Stations & Pick Up
(Cleaning/Laundry Related)
Dallas, Texas
Listed Price: $ 849,000
Listing ID: 000628

Listing DetailsDown Payment: $ 254,700
Gross Revenue: $ 917,466
Cash Flow: $ 295,801
FFE: $ 150,000 (Included in Price)
Inventory: $ 10,000 (Included in Price)
Reason for Sale:

Other Opportunities


Training & Support:

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


Listing SummaryBusiness Description:

Prime 3-location dry cleaning plant and pick-up stations with another pick-up & delivery service in Central Dallas are available for acquisition. The main location was established over a decade ago in 2007 by the current owner of the business. Second location was established in 2015 and the third in 2016 that has been operating smoothly in each respective location. Their premium pick-up and delivery service is available within Central Dallas that acts as a fourth location, but these particular businesses do not have a brick and mortar location since this it's solely pick-up and delivery. Overall demographics of all dry cleaners is a well mix of middle-class and upper-class Caucasian individuals that live in the surrounding densely populated residential areas within each business location as well as the luxury apartment complexes in the Central Dallas location. Sales of all locations combined have been consistent throughout the last several years without any proactive market in place other than word of mouth. Proactive marketing is extremely crucial to growing these businesses as the market for the pick-up and delivery service is insurmountable as the luxury apartments has much more luxury real estate that surrounds their location. There are many ways to proactively market these businesses such as direct mailing, social media outlets, website, door hangers, drop-off area, full-time owner involvement and hiring more delivery and pick-up staff. Having additional staff to accommodate for the large residential area in Central Dallas will help increase the amount of customers throughout a wide area and increase the general revenue. Owner involvement is very important as well since the owner will be able to control the quality of the services and cut payroll expenses on management. These dry cleaner and pick-up stations has everything already in place for a potential buyer to proactively market these businesses while being fully involved in the day-to-day business operations.


Competition:

Few competitors are within the immediate market area of each location, but competition isn't something to be avoided as each location has top-notch placement within their respective area that house may repeat customers with large amounts of disposable income.


Potential Growth:

There is no proactive marketing done at the current time. Proactive marketing locally and online will greatly boost the sales as well as reaching customers within untapped areas of each location.


Financing/Terms:

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


LocationSquare Footage: 2950
Facilities:

Each location has high quality up-to-date equipment that has been immaculately maintained and prime spots where visibility as well as functionality keeps the business ahead of the competition.


OperationYear Established: 2007
Employees: 10FT
Absentee Owner: Yes