Listing ID: 83698
Well established Montgomery County Dry Cleaning Plant in a wealthy area. Located in a very busy strip center! Full service 2,000 sq ft. plant well equipped with a Fulton 15 HP Fulton boiler, 35 lb. Bowie dry clean machine, Champion 5 HP compressor, additional 5 HP compressor, Wascomat 50 lb washer, additional small washer & dryer, 2 presses, suzie, Unnipress shirt unit, collar/cuffer, sewing machines, and much more! Fully-staffed dry cleaning business! Close to both residential and commercial areas, perfect for someone looking to increase the business with a little advertising and more accounts because facility has the capacity to take those on. Great opportunity to own a turn key business! Well established dry cleaning business – lots of upside opportunity!
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- Asking Price: $250,000
- Cash Flow: $173,028
- Gross Revenue: $243,176
- EBITDA: $173,028
- FF&E: $150,000
- Inventory: $500
- Inventory Included: Yes
- Established: 1970
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Seller will stay to train new owner to insure a smooth transition.
Fantastic growth possibilities, call broker for details.
The venture was founded in 1970, making the business 52 years old.
The transaction will include inventory valued at $500, which is included in the listing price.
The company has 1 employees and resides in a building with estimated square footage of 2,000 sq ft.
The building is leased by the business for $1.13 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell operating businesses. Nevertheless, the true reason and the one they tell you may be 2 totally different things. For instance, they might state "I have too many other commitments" or "I am retiring". For many sellers, these factors stand. But also, for some, these might simply be reasons to attempt to hide the reality of transforming demographics, increased competition, recent reduction in revenues, or a range of other factors. This is why it is very crucial that you not depend completely on a seller's word, however rather, utilize the seller's answer in conjunction with your total due diligence. This will paint a more realistic image of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Lots of companies borrow money so as to cover points such as stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can imply that revenue margins are too tight. Numerous organisations fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that have to be satisfied or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in new customers? Often times, businesses have repeat consumers, which form the core of their day-to-day revenues. Particular elements such as brand-new competition growing up around the area, road construction, and personnel turn over can affect repeat consumers and negatively affect future earnings. One essential thing to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business regularly, the higher the possibility to construct a returning client base. A last idea is the basic area demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? Exactly how might the regional average household earnings effect future revenue prospects?