Business Overview

Family run dry cleaning agency for sale in Sunnyvale off outdoor strip mall. 7 Minutes to $5 billion invested in the Apple spaceship and over 12,000 employees working on the campus. This is the best spot for alteration and dry cleaning. They have very good reviews on Yelp about their services and quality of work. They specialize in alterations, press and dry cleaning. Current rent amount is $1800

Financial

  • Asking Price: $88,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,000
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

has other interest

Additional Info

The business has 1 employees and is located in a building with approx. square footage of 1,000 sq ft.
The building is leased by the business for $2,500 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell operating businesses. However, the true reason vs the one they say to you may be 2 completely different things. As an example, they might say "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might just be reasons to attempt to hide the reality of altering demographics, increased competitors, current decrease in incomes, or an array of other reasons. This is why it is extremely crucial that you not count totally on a seller's word, however instead, make use of the vendor's response combined with your general due diligence. This will paint an extra realistic image of the business's existing 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 offer. Many operating businesses borrow money in order to cover points such as stock, payroll, accounts payable, etc. Bear in mind that in some cases this can indicate that revenue margins are too small. Many organisations fall into a revolving door of taking loans as a way to pay back other loans. Along with 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 might have existing agreements with vendors that should be satisfied or may cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area draw in new clients? Many times, operating businesses have repeat clients, which form the core of their everyday revenues. Specific elements such as brand-new competition sprouting up around the area, roadway construction, as well as staff turn over can impact repeat clients as well as negatively impact future incomes. One crucial point to consider is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business often, the higher the possibility to build a returning customer base. A last thought is the general area demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? How might the neighborhood average family income effect future earnings potential?