Listing ID: 83222
Profitable dry cleaning business in a safe, high-traffic location. A franchise brand only 6 years old showing increasing sales and profits each year. Business boasts onsite cleaning (no subcontracting) as well as pickup and dropoff services in branded delivery vehicle. Located in one of Mississippi’s most livable cities, this business enjoys very little competition. Inquire today to learn more about this incredible opportunity.
Great revenue potential as business is growth phase.
- Asking Price: $450,000
- Cash Flow: $78,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
moving out of state
The business was started in 2015, making the business 7 years old.
The business has 12 employees and is located in a building with estimated square footage of N/A sq ft.
The building is leased by the business for $3,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell companies. Nevertheless, the real factor vs the one they tell you might be 2 totally different things. For instance, they may state "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might simply be justifications to attempt to conceal the reality of transforming demographics, increased competition, current decrease in incomes, or a range of various other factors. This is why it is really crucial that you not rely absolutely on a vendor's word, but rather, use the seller's response together with your overall due diligence. This will repaint a more realistic image of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses take out loans so as to cover things such as inventory, payroll, accounts payable, so on and so forth. Remember that occasionally this can imply that earnings margins are too small. Numerous businesses come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that should be satisfied or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location bring in new clients? Often times, companies have repeat clients, which create the core of their day-to-day profits. Particular aspects such as brand-new competitors sprouting up around the location, roadway building and construction, as well as employee turn over can impact repeat clients and also adversely influence future revenues. One essential thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business often, the greater the opportunity to construct a returning consumer base. A final idea is the basic area demographics. Is the business situated in a densely populated city, or is it located on the edge of town? How might the local mean household earnings effect future revenue potential?