20 Year old Dry Cleaning business with Main Plant Location in Prince William Co. with Store Front, and One additional Drop Off location in Stafford, VA. Business also takes in work from 4 other Independent Drop Off Locations. Current seller needs to sell to have more free time to spend with Young family, but would be willing to remain with the business as a Part Time Employee. Great opportunity with plenty of Growth potential. Coupled with a separate Drop Off Location we currently have listed for sale in Manassas would instantly increase the business revenues, and cash flow.
About the Business
Number of Employees:
Building Sq. Ft.:
There are 2 locations, one with the Plant Equipment, and one as an additional drop off location. Plant location is 2,000 Square Feet with total current rent of $2,571 per month, and a lease term till 2021. The drop off location in Stafford, and is 1,600 Square Feet, with total current rent of $2,000 per month, and a 5 year lease term.
Standard Dry Cleaning competition in the area.
Growth & Expansion:
Adding additional Drop Off locations, including a separate location we currently have listed for sale, along with doing more Marketing and Advertising.
Seller will give 2 - 4 weeks of Training/Transition after closing, and would be willing to remain as an employee part time.
Ad Detail Views:
Asking Price: $225,000 Gross Revenue: $250,000Cash Flow: $80,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $1,000 included in asking priceFF&E: $100,000 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.
Dry Cleaning Business with Plant and 1 Drop off location in North. VA
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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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