Business Overview

13 years Established Dry cleaner for sale in West Sacramento. This location has been there since 1966 and they are the proud fourth owner of the business. Owner operated and is a PERC Free shop. The 4000 sq ft shop comes with 9 pressure machines, wet cleaning washer, 2 dryer, 2 washer, 2 compressor plus 3.5 years old leased Hydrocarbon machine. There are large additional parking spaces in the back used for drop off. The 2021 YTD gross sales is $180,000. Lease amount is $4500

Financial

  • Asking Price: $165,000
  • Cash Flow: N/A
  • Gross Revenue: $180,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Purpose For Selling:

seller is retiring

Additional Info

The property is leased by the business for $4,500 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals resolve to sell companies. However, the genuine factor vs the one they tell you may be 2 entirely different things. For instance, they might state "I have way too many other obligations" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may just be reasons to try to hide the reality of altering demographics, increased competitors, current reduction in profits, or a range of other reasons. This is why it is extremely crucial that you not depend completely on a seller's word, but rather, make use of the seller's answer in conjunction with your overall due diligence. This will repaint a more practical image of the business's present situation.

Existing Debts and Future Obligations

If the existing company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses borrow money so as to cover items like inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that revenue margins are too small. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that should be met or may cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area draw in brand-new consumers? Most times, operating businesses have repeat customers, which develop the core of their everyday earnings. Certain variables such as brand-new competition growing up around the area, roadway building and construction, and employee turn over can affect repeat clients and also negatively affect future earnings. One important point to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business often, the greater the opportunity to develop a returning client base. A last idea is the basic area demographics. Is the business located in a densely populated city, or is it located on the outskirts of town? Just how might the regional average household income influence future revenue prospects?