Listing ID: 71490
The drycleaner is located in Worcester County in a upscale community. Well establish drycleaner with the same owner for 20 years. The cleaner has a full plant with a shirt laundry. Full tailoring and alteration on premise. The size is 2000 sq. ft. with great exposure in a major shopping center. 6 day operation open Monday-Friday at 8:00am and closes 6:30pm. Saturday open at 9:00am and closes 4:00pm
The near by Jefferson Mill property is going to be a new 28 apartment
The cash flow reflex the husband and wife profit and salary.
Equipment: Real star #40 dry cleaning machine (2017),Maytag commercial washer, Itsumi BT-IDYMC body unit, Itsumi cuffer, Fulton 15hp stainless steel boiler (2015),Bradford White hot water tank 80 gal,, Rema vac, blowdown tank, return tank, Speedy compressor, Amana commercial dryer, Wascomat EX655cl washer, spotting board, mark-in counter, computer software, Dell computer,
Sankosha pant topper WE-74OU, Unipress utility press, H Steam Finisher, Unipress leger, white conveyor(980 slots) 3 roll bagger, Chandler button machine, Chandler blind stitch, Juki sewing machine, 2 service counters, Epson tag machine, Epson invoice printer, and etc.
Please go to business website use ID# CI
- Asking Price: $250,000
- Cash Flow: $150,000
- Gross Revenue: $250,000
- EBITDA: N/A
- FF&E: $125,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2001
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Will train new buyer in operating a drycleaner
Now only two drycleaners in the town. once was three.
The venture was established in 2001, making the business 21 years old.
The business has 1 employees and is located in a building with disclosed square footage of 2,000 sq ft.
The building is leased by the business for $3,039 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell operating businesses. Nonetheless, the real factor vs the one they tell you might be 2 completely different things. As an example, they may say "I have way too many various commitments" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may just be justifications to attempt to conceal the reality of altering demographics, increased competitors, current decrease in revenues, or a range of various other factors. This is why it is really vital that you not rely entirely on a vendor's word, however rather, make use of the vendor's answer together with your total due diligence. This will paint an extra realistic picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Many companies finance loans in order to cover items such as supplies, payroll, accounts payable, etc. Remember that occasionally this can indicate that revenue margins are too tight. Lots of organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that need to be satisfied or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract new customers? Many times, businesses have repeat customers, which develop the core of their everyday profits. Particular elements such as brand-new competitors growing up around the location, road building, and staff turnover can impact repeat consumers and adversely impact future earnings. One crucial point to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business often, the higher the possibility to build a returning consumer base. A final thought is the basic location demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? Exactly how might the local mean home earnings impact future earnings potential?