Business Overview

Sunbelt Business Brokers of Baton Rouge presents this very long standing dry cleaning business for sale in Southern Mississippi. Business has been in operation for several decades. Business is located in a nice community and in the best part of town and has a very loyal and strong customer base. It’s well known for its quality service with customers driving from within a 50 mile radius. Store has 4 drop off locations included in the sale. Business can be run mostly absentee and with a small staff. Real estate and building are included in the sale along with additional property next door that can be developed to the new owners’ desires. Possible local bank financing is available for a qualified buyer.
Owner has decided to sell to pursue other interests. Seller will help train and transition new owner. Owner is motivated to sell and will seriously consider all reasonable offers. Contact us today for more information on this very long standing dry cleaning business for sale. Come meet the owner, see the great fit for you, be impressed and make offer.

Financial

  • Asking Price: $329,000
  • Cash Flow: $50,000
  • Gross Revenue: $185,000
  • EBITDA: N/A
  • FF&E: $200,000
  • Inventory: $1,000
  • Inventory Included: Yes
  • Established: 1921

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:2,500
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Available

Purpose For Selling:

Other interests

Additional Info

The venture was established in 1921, making the business 101 years old.
The transaction will include inventory valued at $1,000, which is included in the asking price.

The business has 3FT 2PT employees and resides in a building with approx. square footage of 2,500 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals choose to sell operating businesses. Nevertheless, the genuine factor and the one they say to you may be 2 entirely different things. As an example, they may claim "I have way too many various obligations" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might just be reasons to try to conceal the reality of changing demographics, increased competition, current reduction in earnings, or a variety of other factors. This is why it is really vital that you not depend totally on a vendor's word, but instead, utilize the seller's response in conjunction with your overall due diligence. This will repaint an extra reasonable image of the business's present circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Numerous businesses take out loans with the purpose of covering things like supplies, payroll, accounts payable, and so on. Bear in mind that occasionally this can mean that profit margins are too small. Numerous companies come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that must be fulfilled or may lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area attract new consumers? Many times, operating businesses have repeat customers, which form the core of their day-to-day revenues. Particular aspects such as brand-new competition sprouting up around the location, road building and construction, and staff turn over can influence repeat clients and also negatively impact future revenues. One important point to think about is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business on a regular basis, the greater the chance to construct a returning consumer base. A final thought is the general location demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? How might the regional typical household earnings impact future income prospects?