Listing ID: 76204
Sale price includes Real Estate $1,550,000 and Business $995,000. Included in the sale price of the business are tangible assets estimated to be $690,000. 3rd generation dry cleaner. Management in place. Well-known, respected, and well-recognized local name for 100 years, current gen 28 years. A Green Business Gold Award Winner, this is a premier dry cleaning business utilizing state of art equipment and green technology. Labor saving automated order processing, a Metal Progetti assembly and bagging system, and a computer/cloud based point of sale system (SPOT). They use innovative SystemK4 solvent. Four locations for ease of drop off and pickup, and a branded mobile app for home pickup and delivery. The posted price includes business and real estate. Located in Boulder County, 1.33 acre lot, 4,000 square foot building. The area is well traveled. Property is in close proximity to McDonalds, Walgreens, and 7-11 with gas pumps. Currently business is operating at 95% of pre- COVID 2019 performance levels. The acquisition qualifies for SBA financing. NDA and purchaser qualification documents required. Contact Denver Business Brokers™, Bernard Cicirello phone/text (303) 947-5468
- Asking Price: $2,545,000
- Cash Flow: $400,000
- Gross Revenue: $1,250,000
- EBITDA: N/A
- FF&E: $798,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1993
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:4,000
- Lot Size:N/A
- Total Number of Employees:20
- Furniture, Fixtures and Equipment:N/A
The plant is 100% solar powered! Located in Boulder County 4,000 square foot building with Drive-Thru drop-off and pickup window. The building is situated on a 1.33 acre lot. Easy accessibility.
Seller will assist next owner for a long enough period of time to cause a smooth, seamless transition of ownership.
The business was founded in 1993, making the business 29 years old.
The business has 20 employees and resides in a building with disclosed square footage of 4,000 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell operating businesses. However, the real reason and the one they tell you might be 2 totally different things. For instance, they might claim "I have too many various responsibilities" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may just be justifications to try to hide the reality of altering demographics, increased competition, recent decrease in revenues, or a variety of other factors. This is why it is extremely crucial that you not count absolutely on a seller's word, yet instead, make use of the vendor's answer along with your overall due diligence. This will paint a more realistic picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses take out loans so as to cover points such as inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that revenue margins are too tight. Numerous businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that have to be satisfied or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract brand-new customers? Many times, operating businesses have repeat clients, which create the core of their day-to-day profits. Specific variables such as new competition sprouting up around the area, roadway construction, as well as employee turn over can affect repeat consumers and adversely influence future incomes. One crucial point to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the better the chance to build a returning client base. A last idea is the general area demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? Just how might the regional typical home earnings effect future earnings potential?