Listing ID: 83938
* Turn-key cleaning Dry Cleaning business
* Sale includes all dry cleaning plant equipment, all in working order (Equipment accepted AS-IS)
* Current Owner has been in business for 14 years and has a great reputation (5.0 Stars on Google Reviews)
* Over 1,000 regular customers
* Population of over 6,000 within a 1 mile radius
* Broker can provide the business’s financials
* Owner willing to train new owner
- Asking Price: $400,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $159,000
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Full functional Dry Cleaning plant. The building has a basement for a storage facility. Plenty of parking 0.328 acres of land Corner Lot Easy on Easy off On going to work side
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell operating businesses. Nevertheless, the true factor vs the one they tell you might be 2 totally different things. As an example, they might say "I have too many various responsibilities" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might just be excuses to attempt to conceal the reality of altering demographics, increased competition, current reduction in revenues, or a variety of various other factors. This is why it is very crucial that you not depend completely on a vendor's word, however rather, make use of the vendor's solution together with your total due diligence. This will repaint an extra practical picture of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans with the purpose of covering points such as stock, payroll, accounts payable, etc. Bear in mind that occasionally this can mean that earnings margins are too small. Many organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that should be met or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract new clients? Most times, companies have repeat consumers, which develop the core of their daily profits. Specific factors such as new competition sprouting up around the location, roadway building, and also staff turn over can impact repeat customers as well as negatively influence future earnings. One crucial thing to consider is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the higher the possibility to develop a returning customer base. A last thought is the basic area demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? Just how might the regional average family earnings effect future income prospects?