V-AID Business Investment Advises John & Tom Inc. on Sale of Preston Cleaners & Uptown Cleaners to Chum Family LLC
Dallas – V-AID Business Investment is pleased to announce the sale of Preston Cleaners & Uptown Cleaners to Chum Family LLC. Preston Cleaners & Uptown plant occupies a 2,700 sq. ft. facility at the endcap of a bustling retail shopping center with ease of access and high visibility to a major north Dallas roadway. The pickup station occupies a 595 sq. ft. facility within a hub of a densely populated residential area in north Dallas surrounded by upscale apartments, retailers, corporate offices, and restaurants. Both cleaners are in prime locations with high demand for dry cleaning and laundry services. The address is 14760 Preston Rd #100 Dallas, TX 75254 and 4616 McKinney Ave Dallas, TX 75205
Preston Cleaners & Uptown Cleaners was originally established in 1997 while the pickup station was established in 2005. Under current ownership since 2006 and 2007 respectively, the business continued to flourish. The only setback was due to COVID-19 pandemic which caused a decline in sales, a moderate decline compared to other competing businesses that were forced to shutdown. Customer base is mostly white mid to high income professionals from various industries.
Moon Kim with V-AID Business Investment, as an exclusive business broker for Preston Cleaners & Uptown Cleaners, provided sell-side advisory services for John & Tom Inc. from business valuation, marketing and negotiating the sale to transfer of business. V-AID Business Investment is a fully-fledged business broker and M&A advisor that assists the business owner in selling their business for the maximum value while finding the right buyer who can continue to grow the business.
“We are thrilled to have successfully achieved our client’s goal in the sale of this multi-unit cleaners. This transaction went through rigorous scrutiny from the lender, and we were able to secure a favorable financing option for the buyer, providing highly effective financial leverage. Additionally, we navigated complex challenges with the landlord, who was initially hesitant to provide a long-term lease. Through creative problem-solving and persistent negotiations, we worked closely with the SBA lender to secure approval, ensuring a smooth and successful outcome for all parties involved,” said Moon Kim, Managing Director for V-AID Business Investment in Dallas.
About V-AID
Since 2001, V-AID Group, a team of resilient business brokers and M&A advisors in Dallas TX, has been specializing in selling small to mid-size businesses in the main street to the lower middle market. V-AID’s experienced team of experts has a proven strategy that will ensure strict confidentiality, a streamlined selling process, and the maximum value for the business. With deep expertise accumulated from hundreds of done deals, V-AID delivers superior results by providing clients with strategic planning and creative solutions tailored to each transaction. Combining V-AID’s proprietary database of buyer networks and industry-leading marketing, V-AID offers a proven selling method that has been the solution to a value-added exit for hundreds of business owners with a completion of 640 transactions totaling over 150 Million Dollars and continuing.
