Listing ID: 74893
UNDER CONTRACT / PENDING. Net $157 k as an Owner Operator.. Nice store with good records. Established, Well located Environment Green Dry Cleaner For Sale. Well built modern Equipped Plant, Air Conditioned store, located in the prominent Chandler / Gilbert area. Anytime Customer Locker – Drop Off area.
Seller shows Retail Gross sales growing to approx $335k yearly ($30k monthly approx 2021), with a net profit in excess of $157k plus, yearly. Store features Wet Cleaning, Green Dry Cleaning, in house Laundry Production and Automatic Pants Presser.
Seller will train, and carry a note for the right buyer.
- Asking Price: $345,000
- Cash Flow: $157,000
- Gross Revenue: $335,000
- EBITDA: N/A
- FF&E: $350,000
- Inventory: $1,000
- Inventory Included: Yes
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Leases approx. 2,000 sq. ft, prime Chandler / Gilbert strip. Ample parking, Water and Trash included in Rent.Total rent approx $5,000.00 monthly, 5 years with option to renew.
Two weeks or as needed.
Seller retirement from long ownership in this business.
Yes, the Seller will explain.
The venture was founded in 2008, making the business 14 years old.
The transaction does include inventory valued at $1,000, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell operating businesses. Nonetheless, the real factor and the one they tell you may be 2 entirely different things. For instance, they may say "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may simply be justifications to try to hide the reality of altering demographics, increased competitors, recent reduction in earnings, or an array of various other reasons. This is why it is extremely crucial that you not count absolutely on a vendor's word, yet rather, utilize the vendor's response together with your general due diligence. This will repaint an extra reasonable image of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses borrow money so as to cover things such as stock, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can indicate that earnings margins are too thin. Lots of organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that need to be met or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in brand-new customers? Often times, companies have repeat clients, which create the core of their daily earnings. Certain variables such as brand-new competition growing up around the location, road building, as well as employee turnover can influence repeat clients as well as adversely impact future profits. One important thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the better the chance to develop a returning client base. A final thought is the general location demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? Exactly how might the local mean household earnings impact future revenue potential?