Business Overview

This business is an established Dry Cleaners in Lewisville, Texas. The business has longstanding, quality accounts and loyal clientele with great reviews, repeat customers, and referrals. Very attractive cash flow and tremendous opportunity to grow business with increased marketing and pick-up and delivery services. This location has been established since 1999. Offering dry cleaning and alterations services, in a very established neighborhood. It is a family-run business in a 2200 SQFT facility with a cleaning plant on site. This cleaner is located on a busy road with a lot of potentials to increase sales. An ideal opportunity for an experienced operator in a similar industry who can take the business to the next level or even use this store as a new location for their existing business. Great rent for the location and very low utility cost. Revenues are pretty close to pre COVID times. The facility is located in a plaza with lots of parking.

Financial

  • Asking Price: $229,000
  • Cash Flow: $79,000
  • Gross Revenue: $143,000
  • EBITDA: N/A
  • FF&E: $100,000
  • Inventory: $6,000
  • Inventory Included: Yes
  • Established: 1999

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,200
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Business is located in a very established neighborhood. Rent is aprox. $2,200 (including NNN) for this 2200 SQFT very clean facility. As a turn-key business, you will be gaining all of the assets needed to continue the business operations as is. Price includes all equipment, furniture, fixtures (free and clear).

Is Support & Training Included:

2 Weeks

Purpose For Selling:

Moving

Pros and Cons:

Has been in business for 22 years at the same location. Not much competition within close vicinity.

Opportunities and Growth:

The current owner has not been doing any sort of marketing or advertisement. Additionally, the business operates only 6 days from 7:00 AM – 6:00 PM. New owners can increase revenue by extending the operating hours and also adding pick-up and delivery services. Tremendous opportunity for growth.

Additional Info

The venture was founded in 1999, making the business 23 years old.
The deal will include inventory valued at $6,000, which is included in the requested price.

The business has 3 employees and is located in a building with approx. square footage of 2,200 sq ft.
The real estate is leased by the company for $0.00

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals choose to sell companies. Nonetheless, the genuine reason vs the one they tell you may be 2 entirely different things. As an example, they may say "I have too many various obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be justifications to try to hide the reality of changing demographics, increased competitors, current decrease in revenues, or an array of various other reasons. This is why it is very crucial that you not rely absolutely on a vendor's word, but instead, use the seller's response along with your total due diligence. This will repaint a more realistic image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses take out loans so as to cover things such as stock, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can suggest that earnings margins are too thin. Many businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that need to be met or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area bring in new consumers? Often times, companies have repeat customers, which create the core of their day-to-day profits. Specific variables such as brand-new competitors sprouting up around the location, road construction, and also employee turn over can influence repeat customers and negatively impact future incomes. One vital thing to consider is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business regularly, the greater the chance to develop a returning consumer base. A last thought is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? Just how might the local median family earnings impact future income prospects?