Business Overview

This drycleaner located just north of Boston is a full plant with shirt laundry.
The shop is 1500 sq. open 6 days and hours are 7:00am-6:00pm.

Equipment: Union UntecMS502N #60 multi-solvent dryclean machine.,Ajax utility press. service counters, bagger, cash register, Sankosha single buck, Cissell spotting board,Ajax cuffer,2 Wascomat w124 washers, Hurst boiler, Ingersol Rand T-30 compressor, return tank, blowdown tank, shirt boxing machine, Rema vac, pant s topper, automatatic overhead conveyor, Singer sewing machine, Chandler blind stitch, Intellex suzie, software program, scale, laundry basket, etc.

The cash flow reflex 2 family members working the store and one additional employee.

Please go to business website id#ED

Financial

  • Asking Price: $120,000
  • Cash Flow: $95,000
  • Gross Revenue: $200,000
  • EBITDA: N/A
  • FF&E: $75,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2012

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,500
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Will train a new buyer in the operation.

Purpose For Selling:

retiring

Pros and Cons:

There are not many full plants in the area.

Opportunities and Growth:

New owner can solicit drycleaner drop store and laundromat owners.

Additional Info

The venture was established in 2012, making the business 10 years old.

The company has 1 employees and is situated in a building with estimated square footage of 1,500 sq ft.
The real estate is leased by the business for $3,500 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons people resolve to sell companies. Nonetheless, the genuine factor vs the one they tell you might be 2 entirely different things. As an example, they might state "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may just be reasons to attempt to conceal the reality of transforming demographics, increased competitors, recent decrease in earnings, or a range of other reasons. This is why it is extremely crucial that you not count absolutely on a vendor's word, however instead, use the seller's response together with your general due diligence. This will repaint an extra sensible image of the business's present circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies finance loans so as to cover points like inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can indicate that revenue margins are too thin. Numerous businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that have to be met or may cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area attract new customers? Most times, businesses have repeat customers, which develop the core of their day-to-day profits. Certain variables such as new competition growing up around the location, roadway construction, as well as staff turnover can influence repeat clients and also adversely affect future earnings. One essential point to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business often, the higher the chance to construct a returning client base. A final thought is the basic location demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? Exactly how might the regional average family earnings influence future revenue prospects?