Listing ID: 74857
Larger well Equipped full Dry Cleaning Plant located in premium demographic at the Gilbert/ Mesa border. Retail only, located at one of the busiest areas of the city with plenty of room for expansion. Busy traffic street exposure. Twenty year owner retiring.
New Steam Boiler, with plenty of equipment for high production capabilities. Twin clothes conveyors, point of sale system, full shirt laundry with multi buck pressing.
- Asking Price: $168,000
- Cash Flow: $60,000
- Gross Revenue: $240,000
- EBITDA: N/A
- FF&E: $70,000
- Inventory: $3,000
- Inventory Included: Yes
- Established: 2001
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Leases approx 2,300 sq. ft. in fully leased center. 5 year lease with option to renew available. Monthly rent approx $7300, included CAM, Water and Trash.
Two weeks or as needed.
Yes, the Seller will explain.
The business was founded in 2001, making the business 21 years old.
The transaction shall include inventory valued at $3,000, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell operating businesses. However, the genuine reason vs the one they tell you might be 2 entirely different things. For instance, they may claim "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may simply be excuses to try to conceal the reality of altering demographics, increased competitors, current decrease in incomes, or a variety of various other reasons. This is why it is really essential that you not count entirely on a vendor's word, but rather, use the seller's response in conjunction with your general due diligence. This will repaint a much more realistic image of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Many companies borrow money so as to cover items like inventory, payroll, accounts payable, etc. Remember that in some cases this can indicate that revenue margins are too small. Many organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that need to be fulfilled or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in brand-new customers? Most times, operating businesses have repeat customers, which form the core of their day-to-day earnings. Particular elements such as new competitors growing up around the location, roadway building, and also staff turn over can impact repeat clients as well as negatively impact future earnings. One essential thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the higher the opportunity to construct a returning consumer base. A final idea is the basic area demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? Just how might the local average home income effect future income potential?