Listing ID: 80527
Recently opened in 2019, this Drive-Thru Dry Cleaner is in a convenient location, surrounded by several shopping centers and restaurants. Over 30,000 reported vehicles drive by this location daily. They provide Full-Service cleaning, specialize in wedding gown alterations and they perform any dry cleaning tasks required. Owners have been in this business for over 20 years! They also have a larger store Full Service Dry Cleaners with more clientele and SDE available for sale! This is a fantastic opportunity to expand into the dry cleaning business industry!
Local Drive thru Dry Cleaners and Drop off stores in the area. This store has these Strengths:
The Drive-Thru location is the biggest strength for this business, this allows for quick turnaround and increased volume to be accommodated. Being located so close to the highway, the area allows for high traffic volume, according to recent studies, over 30,000 vehicles drive by this location per day. Any sign or promotional marketing would certainly increase revenue for the coming years.
Drop and Pickup services would boost profits significantly. Facebook, Google, and other social media outlets would allow others to share the location with others as well as expand their reach to the residential area nearby.
As mentioned before, the owner has two locations for sale, this drive-thru station and a full service drop off and pickup location. Working together for each individual need, this business model would benefit greatly from a Commercial Van to pick up from local business’ sectors. Offering deals to local companies to use their services, there is a lot of potential growth to be had for these two locations.
Near several Shopping Centers and Restaurants
- Asking Price: $65,000
- Cash Flow: $12,294
- Gross Revenue: $121,573
- EBITDA: N/A
- FF&E: $2,500
- Inventory: $153
- Inventory Included: Yes
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,400
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
The company was established in 2019, making the business 3 years old.
The transaction does include inventory valued at $153, which is included in the listing price.
The business has 1 employees and resides in a building with approx. square footage of 1,400 sq ft.
The property is leased by the company for $2,574 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell operating businesses. Nevertheless, the genuine reason and the one they tell you may be 2 totally different things. For instance, they may say "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may just be reasons to try to conceal the reality of changing demographics, increased competition, current decrease in revenues, or an array of various other reasons. This is why it is really vital that you not depend entirely on a seller's word, however rather, utilize the seller's answer in conjunction with your general due diligence. This will repaint an extra sensible picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Lots of companies finance loans in order to cover items such as inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can imply that revenue margins are too small. Many companies come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that need to be fulfilled or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location attract new consumers? Many times, companies have repeat customers, which develop the core of their daily earnings. Certain aspects such as brand-new competition growing up around the area, roadway construction, and staff turn over can impact repeat clients as well as negatively influence future revenues. One essential point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business often, the better the possibility to build a returning consumer base. A final idea is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Exactly how might the regional typical household earnings influence future revenue potential?