Business Overview

Price reduced due to retirement.
Ready for expansion all over Coastal SC.
Profitable Dry cleaning business in Horry County SC
Great family dry cleaners business with a plant and 3 drop locations. This has a very dedicated worker owner operator and staff. This is not a franchise so there are no franchise fees to pay out.

4 locations with great territory for Expansion.
4 Retail Locations
1 well organized plant and 2 vans for drop off and pick up
This business has been around in Horry county for over three decades.

plant..rent .$2500.00 2nd location..//$2156..$2208.$1050.00 details available. There are 3 drop locations. The Manager drives the van and picks up and takes to the plant and they have production days at the facility.

Financial

  • Asking Price: $470,000
  • Cash Flow: $106,000
  • Gross Revenue: $625,000
  • EBITDA: N/A
  • FF&E: $400,000
  • Inventory: $3,500
  • Inventory Included: Yes
  • Established: 2000

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:5,000
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

retirement

Additional Info

The company was founded in 2000, making the business 22 years old.
The deal shall include inventory valued at $3,500, which is included in the suggested price.

The company has 8 employees and is located in a building with disclosed square footage of 5,000 sq ft.
The real estate is leased by the company for $2,500 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals decide to sell companies. Nevertheless, the true factor vs the one they say to you might be 2 totally different things. As an example, they may claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be justifications to try to conceal the reality of changing demographics, increased competition, recent reduction in earnings, or a variety of other reasons. This is why it is very crucial that you not rely completely on a vendor's word, yet rather, utilize the seller's solution in conjunction with your general due diligence. This will paint a much more sensible picture of the business's current situation.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Many operating businesses take out loans in order to cover things such as supplies, payroll, accounts payable, and so on. Keep in mind that sometimes this can suggest that revenue margins are too thin. Many companies fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that should be met or may result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area bring in brand-new customers? Often times, operating businesses have repeat consumers, which develop the core of their day-to-day profits. Specific aspects such as brand-new competitors sprouting up around the location, road building and construction, and also employee turn over can impact repeat consumers and adversely influence future profits. One vital point to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business regularly, the better the chance to develop a returning consumer base. A last thought is the basic area demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? How might the neighborhood typical household income effect future revenue potential?