Business Overview

26 Washers – Most are New or Newer, and 30 Dryers. Major shopping area next door. Family illness requires owner to sell.

Financial

  • Asking Price: $250,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: $200,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1995

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,753
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Major Shopping Area adjoining.

Is Support & Training Included:

Seller can give you as much training as you need, and unlimited consulting.

Purpose For Selling:

Seller's mother is dying with Alzheimers, sos she must be home with her 24/7.

Pros and Cons:

Very limited competition.

Opportunities and Growth:

5 washer connections in place immediately. The best move would be to sell off the Dry Cleaning equipment and fill in the space with more washers.

Additional Info

The business was established in 1995, making the business 27 years old.

The business has 0 employees and is located in a building with estimated square footage of 3,753 sq ft.
The building is leased by the company for $4,637 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals decide to sell businesses. Nevertheless, the genuine factor vs the one they tell you might be 2 entirely different things. For instance, they may state "I have way too many various commitments" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be justifications to try to conceal the reality of transforming demographics, increased competitors, recent decrease in earnings, or a range of other factors. This is why it is really essential that you not rely totally on a vendor's word, yet rather, utilize the seller's response in conjunction with your general due diligence. This will paint a more practical picture of the business's present situation.

Existing Debts and Future Obligations

If the existing company is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Many companies finance loans in order to cover things like stock, payroll, accounts payable, etc. Keep in mind that sometimes this can mean that earnings margins are too thin. Lots of businesses fall under a revolving door of taking on debt 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 structure where the business resides. The business may have existing contracts with suppliers that need to be met or may lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area draw in brand-new clients? Most times, companies have repeat clients, which create the core of their day-to-day revenues. Specific variables such as new competitors sprouting up around the location, road construction, and also personnel turnover can impact repeat customers and also negatively affect future earnings. One crucial point to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business often, the higher the possibility to build a returning client base. A last thought is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood mean home income impact future earnings prospects?