Asking Price: $699,000 Gross Revenue: $770,135Cash Flow: $313,905 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $2,000 included in asking priceFF&E: $300,000 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.
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!
Dry Cleaner Operation in Galveston *Rare Opportunity*
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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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