Business Overview

MONTHLY GROSS: $52,000
MONTHLY RENT: $5,628
LEASE TERMS: 5 YEARS
STORE SIZE: 1,300
OPEN HOURS: 6:30AM-7PM (MON-FRI) 9AM-6PM (SAT)
EMPLOYEES: 5 FT
WAGE: $14,580/MO
OWNER SINCE: 2017
REASON FOR SELLING: LOOKING FOR OTHER INVESTMEENTS
FINANCING: SBA LOAN WITH 25% DOWN
NOTE: PRIME LOCATION IN MIRACLE MILE WITH GOOD VISIBILITY.
MANAGER RUN. OWNER HAS ANOTHER BUSINESS.
ALL OVER THE COUNTER SALES. FULL POS SYSTEM.
HYDRO CARBON DRY CLEAN MACHINE 40LB. 2007 WITH
NEWER COOLING TOWER.
PRICE:
SHIRT LAUNDRY: $2.35
SHIRT DC: $4.43
PANTS DC: $5.85
SUIT DC: $12.50

Financial

  • Asking Price: $750,000
  • Cash Flow: $335,760
  • Gross Revenue: $624,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $3,000
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,300
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

1,300 sf. Located on a major street in Miracle Mile.

Is Support & Training Included:

Seller will provide training.

Purpose For Selling:

Other interest

Pros and Cons:

Some competition

Opportunities and Growth:

Currently manager run. Potential to increase business with owner-operator.

Additional Info

The deal doesn't include inventory valued at $3,000*, which ins't included in the asking price.

The business has 5 employees and resides in a building with approx. square footage of 1,300 sq ft.
The real estate is leased by the business for $5,628 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell companies. Nonetheless, the genuine reason vs the one they tell you might be 2 totally different things. As an example, they may say "I have way too many various responsibilities" or "I am retiring". For many sellers, these reasons stand. However, for some, these may simply be justifications to try to conceal the reality of changing demographics, increased competition, current decrease in incomes, or a range of other factors. This is why it is very vital that you not depend totally on a seller's word, yet instead, make use of the vendor's response together with your total due diligence. This will repaint an extra reasonable picture of the business's present situation.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses take out loans so as to cover items like supplies, payroll, accounts payable, and so on. Remember that sometimes this can imply that earnings margins are too tight. Lots of organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally 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 must be met or may cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location attract brand-new clients? Most times, businesses have repeat customers, which form the core of their daily revenues. Particular aspects such as brand-new competition growing up around the area, road building and construction, and personnel turn over can impact repeat clients and also adversely affect future earnings. One important point to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Obviously, the more individuals that see the business on a regular basis, the higher the possibility to build a returning customer base. A final idea is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the regional median family income influence future income prospects?