Listing ID: 74334
Established NWA dry cleaning company for sale. Located just off of one of Northwest Arkansas busiest thoroughfares. Posted for a new owner to build on quiet success. Modern and well kept equipment and facility. Founder owners have done no social media marketing or advertising relying on word of mouth to build loyal customer base. Lots of room for advertising and social media marketing to drive more customers to the business. Real estate available separately.
- Asking Price: $310,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Yes there is room to grow
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell companies. Nonetheless, the true reason and the one they tell you may be 2 completely different things. As an example, they may claim "I have a lot of various commitments" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may just be excuses to try to conceal the reality of altering demographics, increased competitors, recent decrease in earnings, or a variety of various other reasons. This is why it is really important that you not count totally on a seller's word, yet rather, use the seller's response in conjunction with your overall due diligence. This will paint a more realistic image of the business's present circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money in order to cover points such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can mean that earnings margins are too small. Numerous organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that need to be satisfied or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in new clients? Many times, businesses have repeat customers, which form the core of their day-to-day profits. Particular variables such as brand-new competition sprouting up around the area, road building and construction, and staff turnover can influence repeat customers and also adversely impact future earnings. One vital thing to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the better the possibility to develop a returning client base. A last idea is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood typical house earnings effect future earnings prospects?