Listing ID: 80535
Business Overview
One Mile from I-85 and in a business sector of Atlanta metro area. Services offered include Dry cleaning, major/minor alterations, and a drive-thru window for a no touch convenience. Very attractive cash flow and tremendous opportunity to grow business with increased marketing and pick up and delivery services.Owners are looking to retire so this business is perfect for a new owner wanting to serve their local community!
This dry cleaner finds itself in an opportune position to expand in its area. Services to take advantage of would be drop off/pickup locations for commercial clients as well as investing into a vehicle for that service. Add a website, online services, advertising, and marketing campaign.
Drive-thru for drop off and pick-up. Approximately 1,943 sqft
Financial
- Asking Price: $110,000
- Cash Flow: $31,156
- Gross Revenue: $108,292
- EBITDA: N/A
- FF&E: $59,490
- Inventory: $600
- Inventory Included: N/A
- Established: 2008
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,943
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
2 weeks
retirement
Additional Info
The venture was started in 2008, making the business 14 years old.
The deal doesn't include inventory valued at $600*, which ins't included in the suggested price.
The business has 3 employees and resides in a building with estimated square footage of 1,943 sq ft.
The building is leased by the company for $3,200 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell operating businesses. However, the true factor and the one they tell you may be 2 completely different things. For instance, they might state "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these might simply be reasons to try to conceal the reality of changing demographics, increased competitors, recent decrease in incomes, or an array of various other reasons. This is why it is very crucial that you not rely totally on a seller's word, however instead, make use of the seller's answer combined with your general due diligence. This will repaint a much more practical picture of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Many businesses take out loans with the purpose of covering things like supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can mean that profit margins are too tight. Lots of organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that have to be fulfilled or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in brand-new clients? Many times, businesses have repeat consumers, which create the core of their everyday revenues. Specific variables such as new competition growing up around the location, roadway construction, as well as employee turn over can affect repeat clients and also negatively impact future earnings. One essential thing to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business on a regular basis, the higher the possibility to construct a returning client base. A last idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? How might the regional average house earnings influence future earnings potential?
