Listing ID: 81055
This large dry cleaner and laundry is an established 21-year-old, independent dry cleaner in a supermarket anchored location with a processing plant and retail location in a desirable area of Las Vegas. Located in an excellent location, this dry cleaners is positioned to be stronger after covid, in large part due to an extremely loyal client base. The owner’s family has owned the business since 2000 and the current owner works 26 hours weekly as a part-time employee. For quickest response to your inquiry, please call listing broker Larry Goldstein (RE# S.0188852; Business Broker Permit# BUSB.0007059) at 702-546-8844 or email firstname.lastname@example.org.
- Asking Price: $333,202
- Cash Flow: $86,635
- Gross Revenue: $315,124
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $2,000
- Inventory Included: Yes
- Established: 2000
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,800
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 1,800 square feet with a Total Monthly Rent of $5,000. Lease ends 07/2025 with One 5 year option. Seller is active in the business with 2 FT, 2 PT, and 1 Independent Contractor. Hours of operation are 7am-7pm M-F and 9am-3pm Sat. $2,000 in Inventory and $100,000 in FF&E included in asking price.
Other business interests
The company was started in 2000, making the business 22 years old.
The sale does include inventory valued at $2,000, which is included in the requested price.
The company has 2FT, 2PT, 1 IC employees and is situated in a building with estimated square footage of 1,800 sq ft.
The property is leased by the business for $5,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell companies. Nonetheless, the real factor and the one they tell you may be 2 completely different things. As an example, they might claim "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may simply be excuses to attempt to conceal the reality of altering demographics, increased competition, current reduction in incomes, or an array of other reasons. This is why it is really important that you not depend completely on a seller's word, yet instead, make use of the vendor's response in conjunction with your general due diligence. This will paint a more realistic picture of the business's present scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies borrow money in order to cover points like inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that revenue margins are too tight. Numerous companies fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that need to be satisfied or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in new customers? Often times, operating businesses have repeat customers, which form the core of their everyday earnings. Certain aspects such as new competitors sprouting up around the area, road building, and personnel turn over can impact repeat consumers and also negatively influence future revenues. One essential thing to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business regularly, the better the chance to develop a returning customer base. A last thought is the general location demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? How might the local average house earnings effect future revenue potential?