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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Prime 2-location Dry Cleaning Plant and Pick-up Station
(Cleaning/Laundry Related)
Collin, Texas
Listed Price: $ 229,000
Listing ID: 000988

Listing DetailsDown Payment: $ 115,000
Gross Revenue: $ 519,263
Cash Flow: $ 88,560
FFE: $ 100,000 (Included in Price)
Inventory: $ 5,000 (Included in Price)
Reason for Sale:

Other Opportunities


Training & Support:

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


Listing SummaryBusiness Description:

Prime 2-location dry cleaning plant and pick-up station with hydrocarbon machines is available for acquisition. Both businesses were originally established almost two decades ago in 1999 and were later acquired by the current owner of the business in 2015. Most of the customers are middle to upper-class Caucasian individuals that live in the surrounding densely populated residential neighborhoods and traffic from the two major highways. All customers provide these businesses a consistent source of recurring purchases as their quality of products and services are superior to the other dry cleaners in the area. Net sales average has been $520K to 550K/year for that has been consistent throughout the last several years due to recurring transactions from their loyal customer base that also spread word of mouth for both locations. Although there's no active marketing done to grow both businesses, this is the type of business that will stay steady in sales revenue in all periods of time as long as the population stays relatively consistent or grows in the city. Competition can be expected for this type of business industry, but these dry cleaners provide a high quality service that the competitors currently lack in and have a well-placed management team that can operate both locations flawlessly without owner involvement. There are many ways to proactively market these dry cleaners such as direct mailing, limo service, wholesale, website, social media outlets, paper ADs, online ADs and owner involvement. Owner involvement will help cut the unnecessary payroll expenses that will greatly benefit the cash flow and quality of the business as an active owner will promote the growth of each location. Since management is already in place, the owner doesn't truly have to be fully active to keep the businesses operational although more cash can be easily made with the involvement of the owner. This 2-location dry cleaning business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operations.


Competition:

Few competitors are within the immediate market area of these cleaners, but these businesses provide full-service hydro-carbon dry cleaning that is both eco-friendly and done on premises.


Potential Growth:

There is currently no marketing done, but other proactive marketing methods will help increase the sales of this business as well as reach untapped customers in the area.


Financing/Terms:

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


LocationSquare Footage: 2439
Facilities:

The main location is placed in a 2,439 SF retail strip center and the second location is placed in a 2,126 SF area where both have numerous neighborhoods that surround each location. All equipment is in impeccable condition and in working order.


OperationYear Established: 1999
Employees: 8FT/4PT
Absentee Owner: No