In 1982 the founder of the original location of this dry cleaning business opened for business. He sold the business to its current owner in 2012. Once the new owner became comfortable with the dry cleaning industry, he began the process of cautious growth that has resulted in the establishment of 5 additional locations. He has added additional services that include laundry services, alterations, and shoe repairs. To provide more specialty services, the owner provides embroidery services, leather cleaning and repair, wedding dress cleaning and preservation, zipper replacement and repair, etc. One of the locations is on Davis Monthan Air Force Base. Obviously the customers are primarily military personnel who demand perfection regarding their uniforms. With 2 young preschool children plus the time it takes to manage a growing business, the owner has decided to sell to pursue a new business venture that will allow him more time with his family.
About the Business
Number of Employees:
Dry cleaning services are available at the original location and at 1 other location both of which are in Tucson. There are also 2 other drop off locations in Tucson and 2 in the Green Valley area. The business has added additional equipment for its dry cleaning and laundry services. It has both perc and hydrocarbon machines for dry cleaning. The seller will provide a seriously interested prospective purchase a list of the equipment that will be included in a sale of the business. With regard to personnel there are 5 full-time and 10 part-time employees.
Preschool children require more time and attention.
Seller will provide training and transitional support.
Cash flow above does not include personal perks and benefits.
Ad Detail Views:
Asking Price: $435,000 Gross Revenue: $743,299Cash Flow: $113,469 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share 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.
The information on this listing has been provided by either
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
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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