Business Overview

The Business is located in very busy strip mall with lot of parking and ample flow of traffic all day long . This would be ideal family run business. All equipment is owned by owner and in good working condition. This is Turn Key and will not lost long in market. Current owner does very little advertising with little social media push this business has potential to do way better.

Financial

  • Asking Price: $94,500
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2012

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,772
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This business has everything in house to run dry cleaning and alteration business efficiently. That includes Meccanized Cloth Rail, POS, Super Tech Dry Cleaning Machine, Milnor Commercial Washing Machine, Forenta Ironing Platform, Cissell Trouser and Jacket finisher and much more, Also there are five different sewing machines for smooth alteration business.

Is Support & Training Included:

Owner will train

Purpose For Selling:

Retirement

Pros and Cons:

Located in very busy Strip Mall with lot of other businesses and in very affluent area.

Opportunities and Growth:

More advertising and use of social media

Additional Info

The venture was founded in 2012, making the business 10 years old.

The business has 1 P/T employees and resides in a building with estimated square footage of 1,772 sq ft.
The property is leased by the business for $5,223.48 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals decide to sell operating businesses. Nonetheless, the genuine factor vs the one they tell you might be 2 totally different things. For instance, they might state "I have way too many other commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may just be reasons to try to conceal the reality of changing demographics, increased competitors, current decrease in revenues, or a variety of various other reasons. This is why it is very essential that you not count completely on a vendor's word, yet instead, make use of the vendor's solution combined with your total due diligence. This will paint a more reasonable picture of the business's current scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses finance loans with the purpose of covering points like stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can mean that revenue margins are too thin. Lots of businesses fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that must be fulfilled or might cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area draw in brand-new consumers? Most times, businesses have repeat consumers, which form the core of their daily revenues. Particular aspects such as new competition growing up around the area, road building, and also staff turn over can influence repeat consumers as well as negatively affect future earnings. One vital point to consider is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business often, the greater the possibility to develop a returning customer base. A final idea is the basic location demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? How might the regional median family earnings effect future income prospects?