Dry Cleaner Operation in Galveston *Rare Opportunity*

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Asking Price:
$699,000

Gross Revenue:
$770,135
Cash Flow:
$313,905
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$2,000
included in asking price

FF&E:
$300,000
included in asking price

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Business Description

Up for sale is a well-established dry cleaners in Galveston. This sale includes a fully equipped dry clean plant as well as a drop store located near by. This dry cleaners is well known in the area for great quality and customer service. This family-owned business has been serving the community for over 30 years. Within the last couple of years, the owner has put in a brand new Union, hydrocarbon dry cleaning machine as well as brand new Unipress rotary shirt unit. The compressor and commercial water heater was also replaced with brand new units within the last couple of years. The greatest thing about this deal is that Galveston county is not allowing anymore dry clean plants to be built; this means you do not have to worry too much about competitors coming to the area!

The seller owns the real estate for the dry clean plant. Lease terms can be negotiated. Lease will be $3,820/month and does not include maintenance. Tenant will be responsible for maintenance.

The drop store lease is currently $950/month.

This is a rare opportunity to own a dry cleaners in Galveston with excellent margins and profit!

About the Business

Location:
Galveston County, Texas
Number of Employees:
13
Real Estate:
Leased
Building Sq. Ft.:
3,200
Rent:
$3,820.00 Per Month
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About the Sale

Reason For Selling:
retiring
Training/Support:
2 weeks

Listing Info

ID:
1652306
Ad Detail Views:
0

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Business Listed by

Quoc Pham

Transworld Business Advisors
License# 642407

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Sponsoring Broker:

Gerald G. Brisson, CBI, M&AMI, CMAP
Transworld Business Advisors


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