Asking Price: $75,000 Gross Revenue: $165,000Cash Flow: $20,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $5,000 included in asking priceFF&E: $30,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
It is a premier dry cleaning service provider, offering professional and industrial quality laundry and dry cleaning services at exceptional price.
It is a very well established drop dry cleaning and alteration business located in a busy shopping center in VA Beach.
About the Business
Number of Employees:
Building Sq. Ft.:
This business location has been in operation since 2011 in a great strip mall location in VA Beach. The business operates out of approximately 2,300 Sq ft with monthly rent of $4,990.
The location is great for this business and has been responsible for the annual increases in sales since the business opened in 2011. The business has a great reputation with a strong repeat customer base.
Growth & Expansion:
There is a plenty of room to grow this business by creating a website , participating in online and print advertising, and for an owner operator to increase profits by working in the business. Contracting with a local plant will further increase profits as the current plant is located on the middle peninsula.
69455-MA Dry Cleaning Drop Off Location for Sale in Virginia Beach
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the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
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