Business Overview

For sale is this well located and fully equipped dry cleaning facility doing both retail and wholesale businesses in Ft Worth Texas. This free standing location with onsite laundry equipment is near major retail chains and a major highway intersection. (Real-estate not included)

The cleaners is currently corporately owned and would be ideal for a more involved owner who could more proactively manage customer experience, increase marketing, and manage the labor which is regularly running around 52% (industry norm is 33%). Currently the store is grossing $440k annually and netting $35k annually with a manager but it lacks that “je ne sais quoi” that a present and local owner could bring, including reducing labor costs.

The ideal owner will likely have some experience in the field and cash on hand. The books are in order but to get a loan the business would need to show an ability to service the debt which it won’t be able to do as is. It is possible a skilled management team and a business plan to improve the operation could secure debt.

Pricing guidance for a laundry mat with on-site equipment is 70-90% of annual sales. The seller is seeking 71% which is on the low side due to the SDE being roughly net $35k a year.

I hope you found this ad informative and weigh the information available here. The next step will be an NDA and a demonstration of your proof of funds. After that I’ll be able to release the name and address of the shop along with the financials I have on hand. My cell is 214-695-1223 if you’d like to chat directly. I’m looking forward to continuing the conversation!

Financial

  • Asking Price: $300,000
  • Cash Flow: $35,000
  • Gross Revenue: $440,000
  • EBITDA: N/A
  • FF&E: $150,000
  • Inventory: $10,000
  • Inventory Included: Yes
  • Established: 2005

Detailed Information

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

Additional Info

The business was founded in 2005, making the business 17 years old.
The deal shall include inventory valued at $10,000, which is included in the listing price.

The building is leased by the business for $5,000 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals resolve to sell operating businesses. Nonetheless, the real factor and the one they tell you may be 2 completely different things. As an example, they might state "I have too many other obligations" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these might simply be excuses to try to conceal the reality of changing demographics, increased competition, recent reduction in revenues, or a range of various other factors. This is why it is really important that you not rely completely on a vendor's word, however instead, make use of the seller's answer combined with your general due diligence. This will repaint a much more practical picture of the business's current circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses finance loans so as to cover items such as stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can suggest that revenue margins are too tight. Many companies fall under a revolving door of taking loans as a way to pay back various other loans. Along with 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 agreements with vendors that have to be fulfilled or may result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area draw in brand-new consumers? Often times, businesses have repeat customers, which develop the core of their everyday earnings. Certain aspects such as brand-new competition sprouting up around the location, road building and construction, as well as staff turnover can impact repeat clients as well as adversely impact future revenues. One crucial thing to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business on a regular basis, the higher the chance to develop a returning client base. A last thought is the general location demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? Just how might the local median home earnings influence future revenue potential?