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
Broker Contact Form
Name

Email

Phone

Comment


Eco-Friendly Full-Service Dry Cleaning Plant
(Cleaning/Laundry Related)
Travis, Texas
Listed Price: $ 199,000
Listing ID: 000944

Listing DetailsDown Payment: $ 100,000
Gross Revenue: $ 275,000
Cash Flow: $ 60,000
FFE: $ 120,000 (Included in Price)
Inventory: $ 3,000 (Included in Price)
Reason for Sale:

Mismanagement


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:

Prime location in Austin eco-friendly full-service dry cleaning plant with well-maintained equipment in a turn-key situation is now available for acquisition. This dry cleaning plant is occupied in a 2,040 SF space of a retail strip center that is placed next to a high traffic road surrounded by many businesses and densely populated residential neighborhoods. This business was originally established 14 years ago in 2006 by the previous owner and acquired by the current owner in 2010. Most of the customers are a well mix of middle-income residential and business customers from nearby residential neighborhoods and small businesses. While there's some competition in the immediate market area, but this business has a solid customer base that has been accumulated in the last 14 years of operation by providing high-quality services at a much cheaper price point than the competitors. The most recent gross sales of this dry cleaning plant have been running at around $275K per year which is quite down from the past several years used to be around over $500K mainly due to the current owner's mismanagement. However, given its prime location and its affluent demographic, this fully equipped dry cleaner will definitely bring the business back to its previous days or beyond as long as pro-active marketing and effective management from new owner take place. Although sales have been sluggish due to absence of marketing and effective management, new owner can bring the sale back up and acquire more customers from untapped regions by undertaking proactive marketing and streamlining the operation. There are many ways to increase overall sales by offering pick-up/drop-off services, taking in more household items, reaching out to local school districts for faculty discounts, band uniforms, churches, and offering wholesale services to other pick-up stations. Various marketing tactics need to be utilized, such as more online and social media outlet presence, direct marketing, coupons, and weekly deals. This dry cleaning plant offers full-service dry cleaning and laundry services as well as alteration, leather and wedding gown cleaning in which all of the work is done on the premises at the plant. This prime location dry cleaning plant has a lot of potential with proper management and aggressive marketing and is perfectly suitable for the next owner who wishes to start a dry cleaning business without hefty capital investments in exorbitant equipment and build-out cost.


Competition:

The services this business provides are on par with a majority of their competitors, but their price point is relatively lower than the competitors that drive customer traffic to this business.


Potential Growth:

There is currently no single marketing done to proactively grow the business, and the business needs a full scale of marketing which includes online and offline marketing to bring the sales up.


Financing/Terms:

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


LocationSquare Footage: 2040
Facilities:

This business is located in a 2,040 SF space of a retail strip center that is placed next to a high traffic road surrounded by many businesses and densely populated residential neighborhood. All equipment is in excellent condition.


OperationYear Established: 2006
Employees: 4FT/1PT
Absentee Owner: No