Listing ID: 75092
REDUCED – A very busy and a profitable Dry Cleaning Business in the East Valley in Mesa. Currently ran by the owner. The current lease in place for 4 more years at $3381 per month for its 1500 sq/ft building. Landlord is a great landlord. With over $70,000 in cash flow and a solid customer base for over 14 years running with this owner and another 13 with prior owner, you can’t beat this deal. Hurry in and make an offer as this will go fast. Also, seller is willing to carry with $100,000 down and the balance of $50,000 for 3 years at 6%. If you are looking for a business with a strong trend of success then here is the business for you. This full price dry cleaner is a very profitable owner operated establishment. Seller will train for two weeks. An NDA / Buyers Profile is needed prior to location and Info given. Call Bud Rago @ 602-399-1466 OR Hyuk Peter Kim @ 602-752-7198 to get the ball rolling.
- Asking Price: $129,900
- Cash Flow: $73,000
- Gross Revenue: $180,000
- EBITDA: N/A
- FF&E: $110,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: 1991
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,500
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Plenty of room to operate and grow the business.
Retirement / different opportunity
Nearest DC is at least 3 miles away. Corner plaza make this an easy access business.
Pros - Huge uptick in the Winter Months as they are near plenty of Winter Visitor residences. One of the largest around.
The business was established in 1991, making the business 31 years old.
The sale doesn't include inventory valued at $5,000*, which ins't included in the suggested price.
The company has 3 employees and resides in a building with estimated square footage of 1,500 sq ft.
The building is leased by the company for $3,381 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell companies. However, the real factor and the one they tell you may be 2 absolutely different things. For instance, they may say "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might just be excuses to attempt to hide the reality of altering demographics, increased competitors, current decrease in incomes, or a range of other factors. This is why it is really essential that you not depend entirely on a vendor's word, but rather, utilize the vendor's solution along with your overall due diligence. This will repaint an extra sensible picture of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Many companies borrow money with the purpose of covering things such as inventory, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that earnings 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 also be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that should be satisfied or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract new clients? Most times, operating businesses have repeat consumers, which create the core of their daily revenues. Specific aspects such as brand-new competition growing up around the area, roadway construction, and also employee turn over can influence repeat consumers as well as adversely influence future profits. One essential thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business on a regular basis, the better the possibility to construct a returning customer base. A final thought is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? How might the neighborhood median home earnings influence future income prospects?