Business Overview

Great opportunity to own a Dry cleaning business with plant.
Family owned and have been doing business over 20 years.
Very stable with long time clientele.
Great location with good visibility.
With plant in your hand, you can grow your business by opening additional pick up stations. Bringing more income.

Financial

  • Asking Price: $60,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $5,000
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,800
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Dry Cleaning unit (40 lbs capable) Boiler, Chiller, Washer/Dryer, Spotting Board, Shirt Press, Silk Press, Hot press, Sewing and hem machine

Is Support & Training Included:

2 weeks

Purpose For Selling:

Retire

Opportunities and Growth:

Pro. The plant is capable of handling 1-2 pick up station. Can open 1-2 pick up station to grow revenue. Con. need more employee.

Additional Info

The deal won't include inventory valued at $5,000*, which ins't included in the listing price.

The company has 2 employees and is located in a building with estimated square footage of 1,800 sq ft.
The building is leased by the company for $2,400 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people decide to sell companies. However, the genuine factor and the one they tell you may be 2 absolutely different things. As an example, they may state "I have too many other obligations" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may simply be justifications to try to conceal the reality of altering demographics, increased competition, recent reduction in incomes, or a variety of other reasons. This is why it is extremely important that you not count entirely on a seller's word, however rather, use the seller's response along with your total due diligence. This will repaint a more realistic picture of the business's current scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies finance loans with the purpose of covering things like inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can suggest that earnings margins are too small. Many companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that should be fulfilled or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area bring in brand-new consumers? Many times, operating businesses have repeat clients, which form the core of their daily earnings. Certain factors such as new competition growing up around the area, roadway building and construction, and staff turn over can impact repeat customers and adversely impact future earnings. One vital point to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the higher the chance to develop a returning customer base. A final thought is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Just how might the local typical household earnings influence future earnings potential?