Listing ID: 77333
Listing # – 5176 WL
Dry cleaners – well established & located at upscale neighborhood of ocean city in Orange County.
Full Equipped With Hydrocarbon Dry Cleaning Machine. Alteration & Laundry Services Offered, Too.
Open 6 Days, Closed On Sunday, Good Online Reviews.
Selling To Retire, Priced Low To Sell Quickly.
- Asking Price: $90,000
- Cash Flow: $60,000
- Gross Revenue: $168,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $1,000
- Inventory Included: N/A
- Established: 1997
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,700
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
The business was started in 1997, making the business 25 years old.
The sale won't include inventory valued at $1,000*, which ins't included in the requested price.
The company has 1 employees and resides in a building with approx. square footage of 1,700 sq ft.
The real estate is leased by the business for $4,800 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell operating businesses. Nonetheless, the real factor and the one they say to you might be 2 completely different things. As an example, they might state "I have a lot of other obligations" or "I am retiring". For many sellers, these factors are valid. However, for some, these might just be reasons to try to hide the reality of altering demographics, increased competition, current reduction in profits, or a range of various other reasons. This is why it is very important that you not depend totally on a vendor's word, however instead, utilize the seller's response along with your overall due diligence. This will repaint a much more sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses take out loans in order to cover items like inventory, payroll, accounts payable, etc. Remember that sometimes this can imply that revenue margins are too small. Many 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 think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that should be fulfilled or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in brand-new customers? Often times, operating businesses have repeat clients, which create the core of their daily revenues. Particular factors such as brand-new competitors growing up around the location, road building, and employee turnover can affect repeat consumers and also negatively influence future incomes. One important thing to consider is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business on a regular basis, the better the chance to construct a returning consumer base. A final idea is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? How might the regional mean home earnings influence future income potential?