Business Overview

This successful dry cleaning business is located in a great location in greater Dayton. The business includes lease with options, est. $200,00 well maintained equipment including 3 vehicles, and pick-up and delivery services. Plant is in a 3,500 square feet space. High volume and can handle current volume with room for growth. The business has strong cash flow history. Long term, experienced personnel are cross trained in all areas of the business. There is a long term customer base and is growing with new customers. There is tremendous growth potential, especially as COVID restrictions continue to be rolled back. This is a well-run business capitalizing on existing marketing programs.

Financial

  • Asking Price: $450,000
  • Cash Flow: $135,000
  • Gross Revenue: $390,000
  • EBITDA: N/A
  • FF&E: $200,000
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 2010

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,500
  • Lot Size:N/A
  • Total Number of Employees:16
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Seller will work with the buyer on a transition and training plan.

Purpose For Selling:

Retirement

Pros and Cons:

This business has tremendous upside as a new owner continues to focus on the customer acquisition plan put in place by the current owner, and a great reputation in the market.

Additional Info

The venture was established in 2010, making the business 12 years old.

The business has 16 employees and is located in a building with approx. square footage of 3,500 sq ft.
The real estate is leased by the business for $6,590 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals choose to sell companies. Nonetheless, the real reason vs the one they tell you might be 2 totally different things. As an example, they may claim "I have too many various commitments" or "I am retiring". For many sellers, these factors stand. However, for some, these might just be justifications to attempt to hide the reality of changing demographics, increased competition, current reduction in incomes, or an array of various other reasons. This is why it is really important that you not count completely on a seller's word, however rather, make use of the seller's response along with your general due diligence. This will paint a more reasonable image of the business's existing situation.

Existing Debts and Future Obligations

If the current company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies take out loans in order to cover items like supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that revenue margins are too small. Lots of companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that need to be fulfilled or might lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location attract new customers? Often times, companies have repeat consumers, which create the core of their daily profits. Particular factors such as brand-new competitors growing up around the area, road building, and also staff turnover can impact repeat consumers and also negatively affect future incomes. One essential thing to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business on a regular basis, the better the chance to construct a returning consumer base. A last idea is the basic area demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Just how might the regional average house earnings impact future revenue prospects?